20100521 1817 FCPO Weekly Chart Study.

FCPO closed : 2491, changed : +35 points, volume : higher.
Bollinger band reading : side way downside biased.
MACD Histrogram : nearly unchange, seller still in with small exposure.
Support : 2450, 2400, 2350 level.
Resistant : 2500, 2530, 2580 level.
Comment :
FCPO managed to recovered some of last week losses to end higher with improved volume transacted.
Weekly chart reading suggesting a side way range bound downside biased market testing support and resistant level.