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FKLI Technical Analysis - 26 May 2009

Wednesday, May 27, 2009

FKLI traded lower after profit taking from the gain on 25 May 2009. FKLI closed 7.5 points lower @ 1042 with higher volume traded.


Bollinger Band width remain consistent with candle above middle BB. MACD failed to form a golden cross and begin moving south while RSI moving away from overbought zone.

Support @ 1018 while resistance @ 1063.

HAPPY TRADING!

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