Thursday, April 15, 2010

20100415 1237 FCPO Mid Day Hourly Chart Study.

FCPO closed : 2521, changed : -7 points, volume : low.
Bollinger band reading : side way range bound little downside biased.
MACD Histrogram : not much movement, both buyer and seller seems not interested.
Support : 2521, 2500, 2470 level.
Resistant : 2550, 2570, 2600 level.
Comment :
Boring 11 points tight range FCPO market ended fraction lower in ultra low volume traded. Hourly chart show a side way tight range market ahead in the near term with a little downside biased but I got a funny feeling that something big might be happening soon(just my wild guess).

No comments: