FKLI covered some of the downside gap after break neckline support
Posted by Labels: Technical Comment (FKLI)Market covered some of the downside gap left over on end-Jul, 2008 at 1103.5-1110 after break the neckline support. Market momentum remained weak. Thus, immediate resistance at 1117-1118.5 (unfilled gap this morning). Immediate support at 1106.5-1103.5 (remaining gap left over).
Market view: hold short with buy stop at 1121-1125
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