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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FLI broke .95 support. Might as well play safe.
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