Wednesday, September 15, 2010

20100915 1241 FCPO Mid Day Hourly Chart Study.

FCPO closed : 2647, changed : +4 points, volume : low.
Bollinger band reading : side way range bound.
MACD Histrogram : recovering, both buyer and seller testing market.
Support : 2620, 2600, 2570 level.
Resistant : 2650, 2670, 2700 level.
Comment :
Traded range bound FCPO registered minor up in slow volume transaction for the first session within 19 points range market. Hourly chart wise, market move side way testing support and resistant level within middle and lower Bollinger band level with a side way range bound market reading development.

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