20101222 1826 FKLI EOD Daily Chart Study.

FKLI closed : 1516, changed : +2 points,  volume : lower.
Bollinger band reading : side way range bound little upside biased.
MACD Histrogram : rising, buyer taking small position.
Support : 1515, 1500, 1485 level.
Resistance : 1530, 1550, 1580 level.
Comment :
6.5 points range market FKLI closed recorded marginal gain with more than 50% lower of yesterday volume changed hand while regional market closed mixed with Greece economy face "JUNK" rating by fitch plus a tensioned Korean peninsular zone.
Daily chart formed an up doji bar candle managed to break and closed above another resistance level at 1515 heading towards upper Bollinger band level with the reading suggesting a side way range bound little upside biased market development testing higher resistance 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.