Monday, October 5, 2009

20091005 1245 FCPO Hourly Chart Study.


FCPO opened @ 2031 and trading upward in a small 26 points range in the first session and close @ 2050. Price still trading below Mid Bollinger Band with Bollinger Band width expanding suggest a negative biased sentiment. Price trading upward may due to small partial profit taking as shown in the MACD histrogram.

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