20100615 1318 FKLI Mid Day Hourly Chart Study.

FKLI closed : 1298 changed : -6.5 points, volume : high.
Bollinger band reading : side way range bound little downside biased.
MACD Histrogram : reversed higher, seller returned for a match.
Support : 1290, 1280, 1274 level.
Resistant : 1300, 1310, 1318 level
Comment :
Stop triggered due to light volume participation FKLI once down more than 30 points touched the low of 1269.5 follow by bargain hunting lift price up and stabilized around 1290 to 1299 level. Hourly chart reading suggesting a side way range bound little downside biased market development for the near term.