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Monday, December 28, 2009
20091228 1256 FKLI Mid Day Hourly Chart Study.
FKLI closed : 1272.5, changed : +8.5 points, volume : high.
Bollinger band reading : bullish with possible pullback.
MACD Histrogram : went higher and highe, buyer in charge.
Support : 1267.5, 1264.5 level.
Resistant : 1276, 1280 level.
Comment :
Bullish chart with a little overbought. With price closed above the upper Bollinger band, FKLI could take some rest before continue climbing up further. Having said that it can still potentially push up further without a rest taking today's high supporting volume into consideration.
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