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FKLI Technical Analysis - 07 May 2009

Friday, May 8, 2009

FKLI closed 3.5 points higher @ 1032.5 and formed a doji.


Bollinger Band width become consistant with candle above upper BB band. MACD still in bullish mode but RSI sits in overbought zone.

With candle formed a doji convey a sense of indecision or tug-of-war between buyers and sellers as well as indicate that the buying pressure is starting to weaken.

HAPPY TRADING!

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