20100608 1830 FKLI EOD Daily Chart Study.

FKLI closed : 1282.5, changed : +3.5 points, volume : lower.
Bollinger band reading : side way downside biased.
MACD Histrogram : reversed higher, seller reducing exposure.
Support : 1280, 1274, 1270 level.
Resistant : 1290, 1300, 1310 level
Comment :
FKLI opened and traded higher through out the day followed by last hourly selling pressure push price to closed only marginally higher in lesser volume transaction. Daily chart continue to shows a side way range bound reading
When to buy : buy at support or weakness with quick cut loss and profit target.
When to sell : sell at resistant/strength/breakdown with larger cut loss and profit target.