20120817 1734 FKLI EOD Daily Chart Study.

FKLI closed : 1645.5 changed : -5 points, volume : higher.
Bollinger band reading : pullback correction little upside biased.
MACD Histogram : turned falling, buyer seller battling.
Support : 1640, 1630, 1623, 1615 level.
Resistance : 1650, 1660, 1670, 1680 level.
Comment :
FKLI closed recorded loss with little improved volume traded doing 4 points discount compare to cash market closed closed slightly lower. Overnight U.S. markets closed higher and today Asia markets ended mostly recorded gains while European markets currently having positive development.
Better U.s. housing and housing permits data send world markets traded higher while awaits U.S. consumer confident data. Back home, last minutes liquidation ahead of long holidays send FKLI falling lower.
Technical chart study revised to calling a pullback correction little upside biased market development with MACD indicator turned having negative crossed down.
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.