20100611 1336 FKLI Mid Day Hourly Chart Study.

FKLI closed : 1301.5, changed : +7 points, volume : high.
Bollinger band reading : side way upside biased.
MACD Histrogram : weakening, buyer in control.
Support : 1300, 1290, 1280 level.
Resistant : 1310, 1318, 1325 level
Comment :
Overnight Dow and Euro strong positive closed follow by major Asia regional gain lead FKLI to traded firmer with supportive volume. Hourly chart reading suggesting a correction side way upside biased market after price opened way above the upper Bollinger band level.