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FKLI Technical Analysis - 15 May 2009

Friday, May 15, 2009

FKLI traded tide range today closed 7 points higher @ 1010 with total volume of 6839 lots transacted.

Bollinger Band width continue to contract with candle above nearer to middle BB band. MACD continue heading south with RSI in netral zone.

First detected swine flu news cames out today will bring some impact to the market place. Over the weekend depends on DJ closing as well as further news on Malaysia swine flu will impact the market movement next week.

Resistance @ 1045 while support @ 997.

HAPPY TRADING!!

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