Wednesday, October 10, 2012

FKLI EOD 10/10/12


FKLI : O - 1654, H - 1663, L - 1653.5, C - 1661
There were some support noticed this morning, however it was a weak one in my opinion.

As one would be able to see from the chart, it is a mild slope towards up.

In my opinion, 1660 is the level to watch out. It might continue its upwards momentum, if it were to stay above this level intact. 

The range that i would be looking at is within 1650 - 1670. And 1660 would be the deciding level. 

Resistance @ 1663.5 - 70
Support @ 1659.5 - 56 - 50 - 43
Break point - 61

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