20100210 1249 FKLI Mid Day Hourly Chart Study.

FKLI closed : 1237.5 changed : +8.5 points, volume : high.
Bollinger band reading : side way range bound.
MACD Histrogram : getting higher slowly, seller closing position.
Support : 1232, 1228, 1222, 1215 level.
Resistant : 1238, upper Bollinger band, 1250 level.
Comment :
FKLI opened and traded higher in the morning session with encouraging volume transacted after the Down overnight closed above the 10000 psychological level. However, hourly chart reading suggesting a side way range bound market with some testing effort at higher resistant level.