20100309 1441 FKLI Mid Day Hourly Chart Study.

FKLI last look: 1319, changed : -4 points, volume : high.
Bollinger band reading : side way range bound.
MACD Histrogram : getting weaker. buyer taking profit.
Support : 1315, 1307, 1300 level.
Resistant : 1325, 1335, 1345 level.
Comment :
FKLI retreated marginally lower as profit taking activities continue to take place. Hourly chart reading suggested a side way range bound market downward correction market.