20100623 1740 FKLI EOD Daily Chart Study.

FKLI closed : 1331.5 changed : +2 points, volume : higher slightly.
Bollinger band reading : side way correction upside biased.
MACD Histrogram : weakening, buyer profit taking continue.
Support : 1330, 1325, 1318 level.
Resistant : 1337, 1345, 1350 level.
Comment :
Roller coaster FKLI opened and traded lower followed by second session buying activities lifted price to closed near the high up slightly in thin trading volume. Daily chart shows that correction side way range bound market still taking place within a upside biased market.
When to buy : buy at support or weakness with quick cut loss and profit target.
When to sell : sell at resistant or strength with quick cut loss and profit target.