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FKLI Technical Analysis - 17 Mar 2009

Wednesday, March 18, 2009

FKLI traded low at the begining but climb up to 853 point in the mid day but declining and closed 3points lower @ 841.5. Total volume higher than yesterday with 6702 lots transacted.


Bollinger Band width still contracting with candle moving sideway suggesting consolidation stage. Prediction is FKLI will remain sideway until BB band width begin to expand.

MACD chart still in bearish mode but begin to round up while RSI remain in neautral ground.

Immediate support @ 834, 830, 826 while resistance @ 848, 852, 857.5

HAPPY TRADING!!

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