Friday, April 16, 2010

20100416 1432 FCPO Mid Day Hourly Chart Study.

FCPO closed : 2512, changed : +2 points, volume : low.
Bollinger band reading : side way range bound little downside biased.
MACD Histrogram : getting lower, seller taking small exposure.
Support : 2500, 2470, 2450 level.
Resistant : 2521, 2550, 2570 level.
Comment :
Quiet FCPO traded 2 points higher with even lesser volume change hand. Hourly chart continue to record side way range bound downside biased reading(I'm sorry, even I myself got bored with the reading).

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