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FKLI Technical Analysis - 05 Mar 2009

Friday, March 6, 2009

FKLI open higher on Thursday drawn by DJ rising but closed lower @ 868 points with total volume of 7336 transactions.


MACD line heading south and Bollinger Band width expanding but candle resides below slightly above lower BB band suggesting continous bearish trend.

DJ closed -4.09% will draw FKLI lower which is a good opportunity for SHORT. Support @ 860, 857 while resistance @ 886, 889.  

HAPPY TRADING!

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