20100821 2000 FKLI Weekly Chart Study.

Weekly Close: 1390, High: 1395.5, Low: 1355, Range: 40.5 points.
FKLI closed : 1390 changed : +28.5 points, volume : higher.
Bollinger band reading : correction range bound upside biased.
MACD Histrogram : rising, buyer in charge.
Support : 1385, 1375, 1360 level.
Resistant : 1395, 1425, 1445 level.
Comment :
Improving volume transaction FKLI rallied again to hit another new 2 years high in tandem with the country's improving economic condition. Weekly chart shows price opened nearly unchanged and rushed upwards to closed little above upper Bollinger band level with the outlook still having an upside biased reading development with possible pullback correction effect.