FKLI-SPOT closed marginally high as The earnings results at Siemens and French pharmaceutical firm Sanofi - Aventis gave a further boost to investor sentiments and came on the heels of more positive economic news flows in recent weeks. Furthermore trader/investor also have some hope with BNM on their move interest rate.
Bollinger Band width continue to contract with candle above middle BB. Consolidation is in place with support @ 952 and resistance @ 1003.5
FKLI-NEXT volume begin to increase today. Similar to FKLI-SPOT Bollinger Band width also contracting with candle above middle BB. This suggesting middle BB as the support @ 949 and resistance @ 1002. Even RSI begin to move away from overbought region but MACD begin to form dead cross.
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FKLI-NEXT volume begin to increase today. Similar to FKLI-SPOT Bollinger Band width also contracting with candle above middle BB. This suggesting middle BB as the support @ 949 and resistance @ 1002. Even RSI begin to move away from overbought region but MACD begin to form dead cross.Hit from the Swine Flu has bring the market further uncertainty plus labour day holiday approaching will cause further profit taking on last day of Apr 2009. Trader beware.
HAPPY TRADING!!!
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