20101115 1745 FKLI EOD Daily Chart Study.

FKLI closed : 1498, changed : +7.5 points,  volume : lower.
Bollinger band reading : correction range bound.
MACD Histrogram : getting lower, buyer reducing position.
Support : 1485, 1470, 1458 level.
Resistant : 1500, 1530, 1550 level.
Comment :
After last Friday severe sell down, FKLI managed to recover back partial of the losses recorded gain with lower volume transacted but still doing 3 points discount compare to cash market. Daily chart formed a doji bar candle rebounding from the lower Bollinger band support level with the reading still call for a correction range bound side way market testing support and resistant level.
When to buy : buy at support or weakness with quick cut loss and profit target.
When to sell : sell at resistant or strength with quick cut loss and profit target.