Bollinger band reading : upside biased.
MACD Histrogram : rising higher, buyer stayed put.
Support : 1405, 1395, 1385, 1375 level.
Resistant : 1425, 1445, 1470 level.
Comment :
Overnight fall on Dow Jones to closed below 10,000 level leaded to a much lower FKLI open but some how buyer will is just too strong maintaining their position supported market all the day to break another new year high recorded slightly gain to closed for lunch. Hourly chart shows that the uptrend remained intact with the reading still suggesting an upside biased market.
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