20100422 1732 FKLI EOD Daily Chart Study.

FKLI closed : 1342, changed : +8 points, volume : higher.
Bollinger band reading : side way range bound upside biased.
MACD Histrogram : turned higher, short covering by seller.
Support : 1337, 1330, 1325 level.
Resistant : 1345, 1350, 1360 level.
Comment :
Improved volume FKLI ended the day surprisingly higher with a 5 points premium compare to cash market recovered all the early session losses. However, daily chart reading remained the same with a side way range bound little upside biased market. Should market continue to move higher tomorrow With Bolligner band width turned expanding outward, market is likely to test the previous high resistant level.
When to buy : buy at support or weakness with quick cut loss and profit target.
When to sell : sell at resistant or strength with quick cut loss and profit target.