20091230 1254 FKLI Mid Day Hourly Chart Study.

FKLI(Jan 2010) closed : 1273, changed : -3 points, volume : High.
Bollinger band reading : bearish with possible side ways.
MACD Histrogram : dropping slowly, seller in charge.
Support : 1270.5, 1266.5 level.
Resistant : 1276, 1279.5 level.
Comment :
Hourly chart, trend still up. Side way range bound likely to continue. Regional market traded mixed.