Wednesday, February 10, 2010

20100210 1234 FCPO Mid Day Hourly Chart Study.

FCPO closed : 2564, changed : +3 points, volume : low.
Bollinger band reading : side way upside biased.
MACD Histrogram : getting lower slowly, buyer not interested.
Support : 2550, 2521, 2500 level.
Resistant : 2590, 2620, 2650 level.
Comment :
Tight range market for FCPO that traded a little higher in the first session with low volume changed hand. Hourly chart reading still bullish biased and is likely to trade side way range bound with some test at the support level.

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