Friday, April 30, 2010

20100430 1431 FKLI Mid Day Hourly Chart Study.

FKLI closed : 1344, changed : +10.5 points, volume : moderate.
Bollinger band reading : upside biased.
MACD Histrogram : turned weaker, buyer taking partial profit.
Support : 1337, 1330, 1325 level.
Resistant : 1345, 1350, 1360 level.
Comment :
FKLI continue to trade firmer following positive close on overnight Dow Jones market and stronger regional market development. Hourly chart reading looks bullish biased and near resistant level with MACD Histrogram signal a possible pullback correction.

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