Thursday, January 21, 2010

20100121 1306 FKLI Mid Day Hourly Chart Study.


FKLI closed : 1305, changed : +2 points, volume : low.
Bollinger band reading : bullish.
MACD Histrogram : up and down, buyer and seller still matching.
Support : 1300, 1295 level.
Resistant : upper Bollinger band, 1309 level.
Comment :
Traded within a 4 points range bound market, both buyer and seller are still battling to take control of the market conservatively. Hourly chart wise, still suggesting a uptrend side way range bound upside biased market.

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