Thursday, May 13, 2010

20100513 1255 FKLI Mid Day Hourly Chart Study.

FKLI last looked : 1345.5, changed : +5 points, volume : low.
Bollinger band reading : upside biased.
MACD Histrogram : edging higher, buyer stayed.
Support : 1345, 1337, 1330 level.
Resistant : 1350, 1360, 1375 level.
Comment :
Positive regional market development lead FKLI to trade in positive breath by registering a half point premium compare to cash market. Hourly chart reading signalling a continue upside biased market with possible pullback downward correction. Only doubt raise on the upward movement momentum will be the lack of sustaining volume transacted.

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