20100614 1310 FKLI Mid Day Hourly Chart Study.

FKLI closed : 1301 changed : +4 points, volume : low.
Bollinger band reading : side way range bound little upside biased.
MACD Histrogram : weakening, not much action by both buyer and seller.
Support : 1300, 1290, 1280 level.
Resistant : 1310, 1318, 1325 level
Comment :
World cup effect seems spreading over to FKLI that traded higher in light volume in consensus with major Asia market. Hourly chart reading suggesting a side way range bound upside biased market development for the near term.