Friday, October 2, 2009

20091002 1245 FCPO Half Day Hourly Chart Study


FCPO ended halfday down 20 points and tested the 2100 physchology level again. Hourly chart closed below Mid Bollinger Band = Bearish. Bollinger Band width widen suggest market will be trading bias to the downside. MACD histrogram turned negative = Market is bias to downside.
 
When to Buy : Buy at support.
When to Sell : Higher to Sell or sell at resistant with small cut loss.
Posted by MW Chong at
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