20120611 1752 FKLI EOD Daily Chart Study.

FKLI closed : 1580 changed : +6.5 point, volume : higher.
Bollinger band reading : side way range bound little upside biased.
MACD Histogram : rising, buyer testing market.
Support : 1580, 1570, 1565, 1550 level.
Resistance : 1590, 1600, 1610, 1620 level.
Comment :
FKLI closed recorded gain with slightly better volume transacted doing 1.5 point premium compare to cash market that closed higher. Last Friday U.S. markets closed higher and today Asia markets ended higher while European markets currently recording gains.
China reported better than forecast trade data and easing inflation and news on Spain's bank bailout aid boots global markets to rally higher with France and Greece election in focus.
Technical chart analysis adjusted to calling a side way range bound little 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.