20101111 1754 FKLI EOD Daily Chart Study.

FKLI closed : 1512.5, changed : -11.5 points,  volume : higher.
Bollinger band reading : correction range bound.
MACD Histrogram : turned downward, buyer taking profit.
Support : 1500, 1485, 1470 level.
Resistant : 1530, 1550, 1580 level.
Comment :
FKLI having pullback correction closed recorded substantial decline with increasing volume traded doing 1 points discount compare to cash market despite major Asia market traded positively. Daily chart formed a wide range down bar candle correcting downward from the upper Bollinger band level with the reading suggesting correction range bound upside biased market.
When to buy : buy at support or weakness with larger cut loss and profit target.
When to sell : sell at resistant or strength with quick cut loss and profit target.