Monday, November 30, 2009

20091130 1837 FCPO November 09 Monthly Chart Study.



FCPO ended the November 2009 month with a wide range up bar candle marching through and closed above the middle Bollinger band = market sentiment has just started to turn positive at the very initial premature stage. Bollinger band width continue to narrowing = market could still possilbly trading side way range bound. MACD Histrogram reading improved = buying interest started to returned to the market. Still too early to confirm anything at this moment of time and the plotted upward trend line should be taken as a guide and also possible support line. 

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