20100527 1249 FKLI Mid Day Hourly Chart Study.

FKLI closed : 1264.5, changed : +11.5 points, volume : high.
Bollinger band reading : upside biased.
MACD Histrogram : continue higher, short covering with buyer taking small exposure.
Support : 1250, 1250, 1240, level.
Resistant : 1265, 1270, 1274 level.
Comment :
FKLI continue to trade firmer with ultra high volume changed hand having a technical rebound correction. Hourly chart reading has turned into a upside biased potential market testing upper resistant level.