20100521 1748 FKLI Weekly Chart Study.

FKLI closed : 1286.5 changed : -51.5 points, volume : higher.
Bollinger band reading : side way range bound.
MACD Histrogram : continue lower, seller taking small exposure
Support : 1270, 1250, 1225 level.
Resistant : 1300, 1310, 1335 level.
Comment :
A wide range down bar weekly candle FKLI ended negatively with increased volume traded. Weekly chart reading turned from a upside biased into a side way range bound market development as market break and closed below the plotted upward trendline.