20100820 1306 FKLI Mid Day Hourly Chart Study.

FKLI closed : 1389, changed : unchanged, volume : low.
Bollinger band reading : range bound upside biased.
MACD Histrogram : getting lower, buyer book in profit.
Support : 1385, 1375, 1360 level.
Resistant : 1395, 1405, 1425 level.
Comment :
Overnight lower U.S. market lead FKLI to opened gap down and tested lower but recover upward higher and ended the first session unchanged in quiet volume traded. Hourly chart shows price opened lower and hovering around middle Bollinger band level with the reading suggesting a range bound upside biased market development.