Wednesday, March 3, 2010

20100303 1818 FCPO EOD Daily Chart Study.

FCPO closed : 2635, changed : +23 points, volume : lower.
Bollinger band reading : side way bullish biased.
MACD Histrogram : continue lower, seller taking chances.
Support : 2620, 2590, 2570 level.
Resistant : 2650, 2670, 2700 level.
Comment :
A boring 21 points range market with drying volume traded FCPO ended the day higher. Chart wise, side way range bound market continue to take place with some upside biased potential.
When to buy : buy at support or weakness with quick cut loss and profit target.
When to sell : sell at resistant or strength with quick cut loss and profit target.

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