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FKLI Technical Analysis - 08 Apr 2009

Thursday, April 9, 2009

FKLI open 8 points lower at 909.5 due to tumble in Wall street. Overall buying in the morning session however push back by strong selling pressure. FKLI closed 4.5 points lower @ 913.


Bollinger Band width showing some sign of contracting indicating consolidation in the short term. Candle still above middle BB band with middle BB band as a support.

Support @ 877 while resistance @ 931.

HAPPY TRADING!

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