Monday, July 26, 2010

20100726 1140 FKLI Weekly Chart Study.

Weekly Close: 1354, High: 1355, Low: 1331, Range: 24 points.
FKLI closed : 1354, changed : +13.5 points, volume : lower.
Bollinger band reading : upside biased.
MACD Histrogram : continue recovering, buyer defending.
Support : 1350, 1335, 1310 level.
Resistant : 1360, 1375, 1385 level.
Comment :
Upward momentum remained firm on FKLI that gained higher week on week but with diminishing volume changed hand. Weekly chart reading still suggesting a upside biased potential market but the questionable issue here will be lack of volume.

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