tag:blogger.com,1999:blog-4164257101059436021.post3448499427153384146..comments2023-10-24T21:09:57.100+08:00Comments on my.trading.space: Flash - FKLI (Feb 06) - Downside Breakout from ConsolidationAnonymoushttp://www.blogger.com/profile/01799874121869920178noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-4164257101059436021.post-180078147851752342013-02-08T00:53:50.893+08:002013-02-08T00:53:50.893+08:00(Feb 07)
Today saw FKLI tested the long-term supp...(Feb 07)<br /><br />Today saw FKLI tested the long-term support of 1,587 & rebounded all the way back to close at 1,611, after hitting an intraday high of 1,615.<br /><br />My Feb 06 analysis is basically still intact. <br />We might see price recover a little further from here, with the help of some short-covering activities before the CNY long holidays.<br /><br />Watch for rebound high of 1,615-25, which may add to another lower high on the daily downtrend.<br /><br />Level of 1,625 may proved a strong resistance, separating a strong rebound (if able to break above it), from a weak bear rally (price hindered by it).<br /><br />Expect tmr to see a small-bodied candle with upper shadow testing the resistance levels mentioned. Volume may lighten ahead of the long holiday.<br /><br />Anonymoushttps://www.blogger.com/profile/01799874121869920178noreply@blogger.com