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Tuesday, July 7, 2009

FKLI closed 17 points lower @ 1057 due to no lead from DJ (closed on Friday for Independent Day) and weak Asian market.


FKLI candle begin to move below middle BB band with BB width begin to expand. Once BB expanding further and candle below middle BB, this is a sign for further downside for FKLI. MACD also in bearish mode moving south heading to zero line.

1000 become the critical psycholigical support for FKLI within this short term. As long as 1000 not broken it shall be a correction wave before the next jump.

HAPPY TRADING!

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