Thursday, December 31, 2009

20091231 1441 FKLI Mid Day Hourly Chart Study.



FKLI(Jan 2010) closed : 1271.5, changed : +1.5 point, volume : low.
Bollinger band reading : Neutral.
MACD Histrogram : edging upward.
Support : 1266.5level.
Resistant : middle Bollinger band, 1276 level.
Comment :
Currently trading at resistant level, market will try to break the middle Bollinger band and march higher and if this effort
failed, it may stay side way ranging.

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