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FKLI Technical Analysis - 25 May 2009

Tuesday, May 26, 2009

FKLI traded higher yesterday closed 1.5 points higher @ 1050.50.


Bollinger band width begin to expand with candle above middle BB indicating further bullish ahead. However it might have some pull back & profit taking due to more and more company quarterly results release this week.

MACD nearly forming golden cross with RSI @ 66.3 nearer to overbought zone.

Resistance @ upper BB 1061, support @ middle BB 1015.

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