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FKLI Technical Analysis - 13 May 2009

Thursday, May 14, 2009

FKLI traded lower closed 4.5 points lower @ 1021 with lower volume @ 6958 lots transacted. A doji has been formed again indicating indecision between buyers and sellers.


Bollinger band width remain consistent with candle above middle BB. MACD about to form "dead cross" and RSI remain in neutral zone.

Upper BB become the resistance @ 1045.5 while support @ 992. With DJ slump 184 points we can expect further profit taking or sell down today.

HAPPY TRADING

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