20100824 1304 FKLI Mid Day Hourly Chart Study,

FKLI closed : 1401.5, changed : +0.5 point, volume : low.
Bollinger band reading : range bound upside biased.
MACD Histrogram : recovering, buyer still in control.
Support : 1395, 1385, 1375 level.
Resistant : 1405, 1425, 1445 level.
Comment :
1 tick higher FKLI traded in quiet volume for the first session today after tested near support level and recovered. Hourly chart wise, market seems supported along the middle Bollinger band with reading suggesting a range bound upside biased development.