Wednesday, March 3, 2010

20100303 1240 FCPO Mid Day Hourly Chart Study.

FCPO closed : 2623, changed : +11 points, volume : low.
Bollinger band reading : side way upside biased.
MACD Histrogram : crawing up slowly, no significant move from both buyer and seller.
Support : 2620, 2590, 2570 level.
Resistant : 2650, 2670, 2700 level.
Comment :
Thin volume traded FCPO ended modestly higher with a tight 12 point range market. Hourly chart reading suggest market to trade mostly side way range bound with a little upside biased.

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