20100422 1352 FKLI Mid Day Hourly Chart Study.

FKLI closed : 1332.5, changed : -1.5 point, volume : low.
Bollinger band reading : side way range bound downside biased.
MACD Histrogram : recovering , seller still in.
Support : 1330, 1325, 1318 level.
Resistant : 1337, 1345, 1350 level.
Comment :
5 points range FKLI closed the morning session lower in lesser contracts changed hand. Hourly chart technical reading suggesting a side way range bound downside biased market development in the near term.