Friday, April 2, 2010

20100402 1830 FCPO Weekly Chart Study.

FCPO closed : 2559, changed : +25 points, volume : higher.
Bollinger band reading : side way range bound.
MACD Histrogram : getting lower, seller taking exposure.
Support : 2530, 2500, 2450 level.
Resistant : 2580, 2630, 2700 level.
Comment :
FCPO ended the week slightly higher with improved volume changed hand. Weekly chart wise, market continue to trade side way range bound as the Bollinger band width continue turning inwards.

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