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FKLI-NEXT Technical Analysis - 30 Jul 2009

Thursday, July 30, 2009

As month end approaching traders begin to divert attention to FKLI-NEXT.


FKLI-NEXT traded lower closed 13.5 lower @ 1160 impacted from weak regional market especially China sell off.

Bollinger Band width continue expanding with candle above middle BB band suggesting market still have room for moving up. MACD remain bullish with RSI near to overbought zone.

Immediate support 1152.5, 1135.5, 1105.5 @ while resistance @ 1162, 1168, 1189.5

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