Friday, September 24, 2010

20100924 1300 FCPO Mid Day Hourly Chart Study.

FCPO closed : 2687, changed : +16 points, volume : low.
Bollinger band reading : side way range bound.
MACD Histrogram : recovering, low participation from buyer and seller.
Support : 2670, 2650, 2620 level.
Resistant : 2700, 2720, 2750 level.
Comment :
Thin volume transaction FCPO traded higher in tight 14 points range market. Daily chart shows a boring market as price opened higher and moving along the flat middle Bollinger band. Reading wise, market is likely to stay side way range bound for a while.

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