FKLI violated the immediate support at 1136.5-1135 and tested 1120-1125 in intra-day basis but not closing as prices rebound in late session to close off low. Market is tangent the downtrend line yet we still have to watch out any chance of breaking down the downtrend line. Thus, support and resistance is at 1110-1109 and 1148-1150 level respectively.
Tuesday, August 5, 2008
FKLI rebound to off low
FKLI violated the immediate support at 1136.5-1135 and tested 1120-1125 in intra-day basis but not closing as prices rebound in late session to close off low. Market is tangent the downtrend line yet we still have to watch out any chance of breaking down the downtrend line. Thus, support and resistance is at 1110-1109 and 1148-1150 level respectively.