20120329 1740 FKLI EOD Daily Chart Study.

FKLI closed : 1584 changed : -1.5 points, volume : lower.
Bollinger band reading : side way range bound.
MACD Histrogram : falling, buyer seller battling.
Support : 1580, 1570, 1565, 1550 level.
Resistance : 1590, 1600, 1610, 1620 level.
Comment :
FKLI closed marginally lower with declined volume changed hand doing about 1.5 point discount compare to cash market that closed slightly higher. Overnight U.S. markets closed weaker and today Asia markets also ended in negative territory while European markets currently registering loss.
Slower than estimated U.S. durable orders growth and weaker China companies earnings sent global market lower.
Daily chart technical analysis switch to calling a side way range bound 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 resistance or strength with quick cut loss and profit target.