Friday, May 14, 2010

20100514 1901 FCPO Weekly Chart Study.

FCPO closed : 2456, changed : -63 points, volume : lower.
Bollinger band reading : downside biased.
MACD Histrogram : continue lower, seller taking some position.
Support : 2450, 2400, 2350 level.
Resistant : 2500, 2530, 2580 level.
Comment :
FCPO continue to trade weaker in quiet transaction. Weekly chart started to shows a weaker negative downside biased development that is near crucial trendline support level.

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