20110309 1819 FKLI EOD Daily Chart Study.

FKLI closed : 1520.5 changed : +1 point,  volume : lower.
Bollinger band reading : side way range bound little upside biased.
MACD Histrogram : rising, buyer holding on.
Support : 1515, 1500, 1485 level.
Resistance : 1530, 1540, 1550, 1580 level.
Comment :
FKLI closed 1 2 tick higher with quiet volume transacted doing about 3 points discount compare to cash market that recorded 6 points gain while regional market closed mostly higher after overnight Dow Jones market closed recorded gain.
Daily chart formed a down bar candle after market opened gap up, edge up a little and slides downward tested support level and closed recovered partially positioned near upper Bollinger band level.
Chart reading turned to suggesting a side way range bound little upside biased market development testing support and 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.