20100423 1735 FKLI Weekly Chart Study.

FKLI closed : 1340, changed : +4 points, volume : slightly lower.
Bollinger band reading : bullish biased.
MACD Histrogram : weakening, buyer reduce position gratually.
Support : 1335, 1310, 1300 level.
Resistant : 1350, 1360, 1375 level.
Comment :
FKLI ended the 4 points higher week on week with sustainable contracts changed hand. Weekly chart reading still call for a near support(plotted upward trend line) level bullish further upside potential market. Only thing to watch out will be price break below the support line with MACD cross down should price drop significantlly. Second level support will be near middle Bollinger band.