20100707 1306 FKLI Mid Day Hourly Chart Study.

FKLI closed : 1301 changed : -10.5 points, volume : high.
Bollinger band reading : side way range bound.
MACD Histrogram : weakening, seller defending position.
Support : 1300, 1290, 1285 level.
Resistant : 1310, 1318, 1325 level.
Comment :
FKLI traded lower in sustaining volume following a weaker major Asia market development doing 4.5 points discount compare to cash market. Hourly chart show that market is testing lower support level near middle Bollinger band with a side way range bound reading.