20100326 1802 FKLI Weekly Chart Study.

FKLI closed : 1321, changed : +23 points, volume : higher.
Bollinger band reading : upside biased.
MACD Histrogram : recovering, buyer still in charged.
Support : 1310, 1300, 1270 level.
Resistant : 1335, 1350, 1360 level.
Comment :
FKLI ended the week boldly forming a up wide range bar with increased volume transacted. Weekly chart wise, the market downward correction has ended and resumed its uptrend movement. Expect market to trade side way range bound with a little upside biased in the coming week.