20100914 1309 FKLI Mid Day Hourly Chart Study.

FKLI closed : 1468.5, changed : +5 points, volume : low.
Bollinger band reading : upside biased.
MACD Histrogram : weakening, buyer taking partial profit.
Support : 1458, 1445, 1425 level.
Resistant : 1470, 1500, 1530 level.
Comment :
FKLI climbed higher again in the morning session in slow volume transaction as buyer continue to test their luck testing higher resistant level. Hourly chart shows that the uptrend remained intact with buyer taking partial profit and the reading still calling for an upside biased market development.