Tuesday, June 15, 2010

20100615 1248 FCPO Mid Day Hourly Chart Study.

FCPO closed : 2409, changed : -1 points, volume : low.
Bollinger band reading : side way range bound.
MACD Histrogram : getting higher, not much participation.
Support : 2400, 2370, 2350 level.
Resistant : 2450, 2470, 2500 level.
Comment :
Unbelieveable low volume tight 12 points range FCPO traded just 1 point lower. Hourly chart reading suggesting a side way range bound market without much action as volume is just too low to justified.

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