Wednesday, December 2, 2009

20091202 1810 FCPO EOD Daily Chart Study.



FCPO traded weaker to closed 6 points lower at 2489 despite tested a higher high at 2510 and a higher low of 2480 compare to yesterday with lower volume changed hand. Bollinger band reading shows that the market remained biased to the upside movement. MACD Histrogram continue to slide lower = buyers demand remained weak at the current price. With price continue to trade within the 2428 ~ 2521 range, the side way range bound correction market is expected to continue. 
When to buy : buy at support or weakness with quick cut loss and profit target.
When to sell : sell at resistant or strength with quick cut loss and profit target.

2 comments:

Admin said...

verry good info . keep it up

MW Chong said...

Thanks for the supports ! =)