Thursday, April 15, 2010

20100415 1826 FCPO EOD Daily Chart Study.

FCPO closed : 2520, changed : -8 points, volume : lower.
Bollinger band reading : side way range bound little downside biased.
MACD Histrogram : getting lower, seller show some mild interest.
Support : 2500, 2470, 2450 level.
Resistant : 2521, 2550, 2570 level.
Comment :
Half life quiet FCPO eased lower slightly within a boring 15 points range market. Daily chart reading remained unchanged suggesting a side way range bound downside biased market.
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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