Hi SuperK, I've made some comments on the following daily chart of FKP:
Basically its still following a consistent uptrend that's been established since July, and most of the technical indicators look positive, however the key things to take note of are:
1. Last week's low may turn out to be a lower low following a shallow low only 1-2 weeks prior
2. There is still the resistance at 82.5 that it has to get through before it can continue to advance along the current channel. Its had 2 cracks at that and failed, so we'll need to watch what happens if/when there's a 3rd attempt subject to comment 1 above.
Hope this helps. Cheers, Sharks.
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- article 10 oct 2009
article 10 oct 2009, page-5
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