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Wednesday, April 21, 2010

FLI: April 21, 2010




















FLI looks good! It bounced off 50% of the immediate wave and the 127% extension of a previous wave. Also it bounced off some kind of channel that points upwards. MACD and RSI are in reversal mode.

I expect 1.1 level to be reached but let's just see what the chart reveals.
Note: All the bands and lines (except fot the personal comments) are automatically generated. These are the bollinger, Moving averages and the fibonacci bands. The chart looks messy. Hence, wild!!

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