Wednesday, May 12, 2010

20100512 1651 FCPO Incomplete Daily Chart Reading.

FCPO last looked : 2515, changed : +10 points, volume : lower.
Bollinger band reading : side way range bound.
MACD Histrogram : turned lower, no significant exposure by both buyer and seller yet.
Support : 2500, 2470, 2450 level.
Resistant : 2521, 2550, 2570, 2600 level.
Comment :
Continue one day up one day down and one day up FCPO traded higher today in drying out volume.
Yet to complete daily chart reading remained showing a side way range bound market with some downside biased potential.

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