20100728 1302 FKLI Mid Day Hourly Chart Study.

FKLI closed : 1358.5, changed : +3 points, volume : high.
Bollinger band reading : upside biased.
MACD Histrogram : recovering, buyer still defending.
Support : 1350, 1345, 1337 level.
Resistant : 1360, 1375, 1385 level.
Comment :
High volume transaction FKLI closed for lunch at higher ground as market continue to move range bound testing support and resistant level. Hourly chart wise, market still suggesting a upside biased potential market development for the near term.