Wednesday, May 19, 2010

201000519 1301 FCPO Mid Day Hourly Chart Study.

FCPO closed : 2435, changed : -7 points, volume : low.
Bollinger band reading : side way downside biased.
MACD Histrogram : continue lower, seller still in.
Support : 2400, 2370, 2340 level.
Resistant : 2450, 2470, 2500 level.
Comment :
Quiet volume FCPO traded lower within a 14 points tight range market. Hourly chart reading suggesting a side way range bound downside biased market.

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