20100622 1322 FKLI Mid Day Hourly Chart Study.

FKLI closed : 1332 changed : -9.5 points, volume : low.
Bollinger band reading : side way range bound correction upside biased.
MACD Histrogram : fall lower, buyer taking profit.
Support : 1330, 1325, 1318 level.
Resistant : 1337, 1345, 1350 level.
Comment :
4.5 points range market FKLI traded lower in quiet volume transaction as profit taking activities take place after yesterday over extended price upward surged. Hourly chart showing a correction side way range bound upside biased market testing support level.