20120215 1734 FKLI EOD Daily Chart Study.

FKLI closed : 1560.5, changed : +1 points, volume : higher.
Bollinger band reading : correction range bound upside biased.
MACD Histrogram : turned lower, buyer lock on profit.
Support : 1550, 1540, 1530, 1515 level.
Resistance : 1565, 1570, 1580, 1590 level.
Comment :
FKLI closed 1 points higher with improved but relatively low volume participation doing about 1 point discount compare to cash market that closed lower. Overnight U.S. markets closed mixed and today Asia markets traded higher while European markets also trading in positive territory.
Global markets lifted higher as investors welcomed China statement that pledged to help European region debt crisis.
Technical study remained unchanged suggesting a pullback correction upside biased market development.
When to buy : buy at support or weakness with quick cut loss and profit target.
When to sell : sell at resistance or strength with quick cut loss and profit target.