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FKLI Technical Analysis - 03 Mar 2009

Wednesday, March 4, 2009

FKLI open low following on with DJ reddish effect but recovering to close same as yesterday with same trading volume as well.


Bollinger Band width expansion with candle moving along lower BB band as well as MACD heading south indicating FKLI is in bearish mode.

DJ close -37.27 tonight and no good news forecast will keep FKLI continue its bearish mode.
Immediate support @ lower BB line 861 & 858 while resistance sits @ SMA(20) 886 following with SMA(100) 890.

HAPPY TRADING!

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