Thursday, March 25, 2010

20100325 1810 FCPO EOD Daily Chart Study.

FCPO closed : 2575, changed : +15 points, volume : lower.
Bollinger band reading : side way downside biased.
MACD Histrogram : continue rising, seller reducing exposure.
Support : 2570, 2550, 2521 level.
Resistant : 2590, 2620, 2650 level.
Comment :
FCPO traded side way range bound within a 28 point range with lesser volume changed hand ended the day higher. Side way range bound downside biased market suggestion remained unchanged from the daily chart reading stand point.
When to buy : buy at support or weakness with quick cut loss and profit target.
When to sell : sell at resistant or strength with larger cut loss and profit target. 

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