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FKLI Technical Analysis - 02 Mar 2009

Monday, March 2, 2009

The impact of US DJ and the gloom on the economy front continued to haunt our market today with FKLI tumble 25 points with 50% additional trading volume compared with last Friday.


Market immediate support @ 864, 861 while resistance fall in 887,892. RSI moving to oversold level and Bollinger Band width started to expand with candle sitting at lower mid BB band. This suggesting pontential further downside unless trader hear some good news somewhere.

Happy Trading.

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