20100212 1734 FKLI Weekly Chart Study.

FKLI closed : 1244.5, changed : +1 point, volume : higher.
Bollinger band reading : side way range bound.
MACD Histrogram : continue lower, seller still ruled as buyer seems not interested.
Support : 1232, 1200 level.
Resistant : middle Bollinger band, 1250, 1285 level.
Comment :
FKLI started the week badly by opened and traded way below the lower Bollinger band followed by recovery lifted price back to closed slightly higher. Technically, FKLI weekly chart still suggesting a side way range bound market as the Bollinger band still turning inwards with a little downside biased.