Thursday, October 1, 2009

20090930 1905 FCPO Monthly Chart Study 2009-09

After hitting the Mid Bollinger Band way back few months ago and gave a few attempt to test the downside, it's still struggling to stay above the Mid Bollinger Band. With MACD Histrogram stay flat, this suggest that market might still trading side way.

When to buy :
A break thru to the upper level with MACD
Histrogram rising should be a good sign to initiate a longer term long position.

When to sell : Same as the oposite view, should price falls and MACD
Histrogram start to falling with Bollinger Band width widen, it will be a chance to short the market.

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