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FKLI Technical Analysis - 08 May 2009

Saturday, May 9, 2009

DJ closed lower -102.4 forcing FKLI further profit taking and FKLI faced choopy trading today and ended closing @ 1032, no change compare to doji yesterday.


Bollinger band width remain consistant with candle above upper BB band, MACD remain bullish while RSI remain overbought @ 72.7.

Further indecision has been spotted after yerterday doji and it could lead to reversal of trend depends on performance from US market. Fresh entries are adviced to stay closer look and US market closing on Friday as well as potential news coming out from Wesak long weekend. 

Support @ 1010, 997 while resistance @ 1036.5, 1040

HAPPY TRADING!!

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