20100406 1305 FKLI Mid Day Hourly Chart Study.

FKLI closed : 1344.5, changed : +1.5 point, volume : improved.
Bollinger band reading : side way range bound.
MACD Histrogram : getting lower, buyer off loading.
Support : 1337, 1330, 1325 level.
Resistant : 1345, 1350, 1360 level.
Comment :
Another wild swing day for FKLI that opened right at the high follow by profit taking push price 11 points lower and recovering back up to closed the first session down slightly. Hourly chart show that market is consolidating by trading side way range bound correction mode.