20100128 1247 FKLI Mid Day Hourly Chart Study.

FKLI closed : 1270.5, changed : +9 points, volume : low.
Bollinger band reading : neutral, side way.
MACD Histrogram : rising above zero level, seller lock in profit.
Support : 1260, 1253, 1230 level.
Resistant : 1274, 1280 level.
Comment :
FKLI is having a technical rebound following major Asia market that traded higher as seller decided to lock in profit after 2 days of severe falls. Hourly chart reading of FKLI suggesting a side way range bound downside biased market as price still traded below middle Bollinger band and MACD still at negative zone.