Thursday, October 11, 2012

FKLI EOD 11/10/12


FKLI : O - 1656, H - 1660.50, L - 1653, C - 1657

It is more of a range trading for today. It moved lower at near closing, however did not managed to break below yday's low and closed @ 57, which is somewhere around one of the support level.

The candlestick shown today was a spinning top. Fkli price is still within the positive zone, above all MA's for short and long term still.

Perhaps, we might be looking at range trades for a couple of days? I still stick to 1650-1670, and 1660 to watch out for.

Resistance @ 1668.5 - 74
Support @ 1651 - 43
Break point @ 1656

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