Saturday, October 3, 2009

20091003 2152 FCPO Weekly Chart Market Outlook.

FCPO still trading below Mid Bollinger Band ended the week with a black bar candle = Bearish. Bollinger Band width continue to narrow in a smallet scale suggest that market traded in light selling pressure. MACD Histrogram continue to go lower = Bearish. 

When to Buy : Cannot long.
Already Longed :Cut losses quick. 
When to Sell : Sell at pullback, resistant or even break down support level.
Already Shorted : Use protective stop if in the money or park a larger cut loss.