Place for all future traders

------fkli2u@gmail.com------

FKLI Technical Analysis - 06 Mar 2009

Tuesday, March 10, 2009

FKLI traded lower on 06 Mar 2009 with narrow range and thin volume. FKLI closed 8 points lower and total volume of 6289 transactions traded.


From the chart above Bollinger Band width expanding with candle near to lower BB ban as well as MACD chart moving down south suggesting further downside.

With DJ closing -79.89 points plus uncertain mini budget announcement today will lower the possibility of bull attack.

Immediate support @ 857, 850 while resistance @ 868, 871.

HAPPY TRADING!

0 comments:

Subscribe in a reader