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FKLI Technical Analysis - 12 May 2009

Wednesday, May 13, 2009

FKLI open low on 12 May 2009 after DJ slump more than 100 points as well as Perak state political issues but recovered in the afternoon closed 10.5 points higher @ 1025.5. Total volume of 11,323 lots transacted which is 37% higher than 11 May 2009.


Bollinger Band width remain consistance with candle still above middle BB band. RSI chart indicate FKLI moving away from overbought zone and MACD has formed a rounding top. This makes middle BB band the support @ 989 and upper BB the resistance @ 1042.5

HAPPY TRADING!

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