20110224 1828 FKLI EOD Daily Chart Study.

FKLI closed : 1483.5 changed : -31 points,  volume : higher.
Bollinger band reading : downside biased.
MACD Histrogram : revesed lower, seller adding position.
Support : 1480, 1470, 1458, 1445 level.
Resistance : 1485, 1500, 1515 level.
Comment :
Heavy selling pressure FKLI closed recorded severe losses with ultra high lower volume changed hand doing 6 points discount compare to cash market while regional market closed mostly in negative zone.
Daily chart formed a huge down bar candle continue downward movement after market opened gap down tested higher fall severely to closed near the low off the day below lower Bollinger band support level.
Reading wise suggesting a further downside biased movement market development testing lower support level with possible temporary pullback correction.
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.