20100604 1401 FKLI Mid Day Hourly Chart Study.

FKLI closed : 1297, changed : -3 points, volume : lower.
Bollinger band reading : side way range bound upside biased.
MACD Histrogram : getting lower, buyer reducing position.
Support : 1290, 1280, 1274 level.
Resistant : 1300, 1310, 1318 level.
Comment :
FKLI traded slightly lower in weaker volume transaction following major Asia markets mild drop. Hourly chart shows a correction side way range bound upside biased market.