20120221 1735 FKLI EOD Daily Chart Study.

FKLI closed : 1568.5, changed : +6.5 points, volume : lower.
Bollinger band reading : upside biased.
MACD Histrogram : turned upward, buyer in charge.
Support : 1565, 1550, 1540, 1530 level.
Resistance : 1570, 1580, 1590, 1600 level.
Comment :
FKLI rallied higher recorded gain with slower volume changed hand doing 4.5 points premium compare to cash market that soared little higher. Overnight U.S. markets closed for President day and today Asia markets traded mostly higher while European markets swing between gains and losses.
Global market trade mostly higher after news on Greece gets 2nd bailout and China central bank lowered bank reserve ratio.
Chart study resumed to suggesting an 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.