Tuesday, September 29, 2009

20090929FCPO Daily Chart Still Bearish

On daily chart basis, FCPO price still trading below Bollinger Middle Band = Bearish
Bollinger band width reduced suggested that market is still in range bound
MACD Histrogram getting lower compare to yesterday = Bearish.
When to Buy : No long trade
When to Sell : Yes, short on resistant or break down