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FKLI Technical Analysis - 24 Mar 2009

Wednesday, March 25, 2009

FKLI rally on 24 Mar 2009 due to traders' profit taking ended 6.5points lower @ 876.5 with total volume of 8367 lots transacted.


From the chart on the left Bollinger Band width slightly contracting but candle still remain above middle BB band. This has made middle BB band the immediate support line for FKLI. MACD golden cross successfully and heading up north.

Immediate support @ 872, 868, 864 while resistance @ 893, 889, 885

HAPPY TRADING!!

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