Friday, February 12, 2010

20100212 1434 FCPO Mid Day Hourly Chart Study.

FCPO closed : 2568, changed : -12 points, volume : low.
Bollinger band reading : side way range bound.
MACD Histrogram : getting lower, buyer closing position.
Support : 2550, 2521, 2500 level.
Resistant : 2570, 2590, 2620 level.
Comment :
Last trading quite day. Volume is just too low to justified today technical reading. Expecting a quite range bound market.

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