Tuesday, May 4, 2010

20100504 1818 FCPO EOD Daily Chart Study.

FCPO closed : 2515, changed : -39 points, volume : higher.
Bollinger band reading : side way range bound.
MACD Histrogram : turned lower, seller returned.
Support : 2500, 2470, 2450 level.
Resistant : 2521, 2550, 2570 level.
Comment :
Improved volume 33 points range market FCPO closed weaker right at the low of the day. Daily chart reading suggesting a side way range bound 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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