Monday, December 28, 2009

20091228 1240 FCPO Mid Day Hourly Chart Study.



FCPO closed : 2603, changed : +49 points, volume : high.
Bollinger band reading : bullish with possible pullback.
MACD Histrogram : edging up slowly, buyer is still around.
Support : 2580, 2560 level.
Resistant : 2620, 2670 level.
Comment :
A bullish chart but near resistant level with possible pullback before marching higher.

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