20091007 1245 FCPO Hourly Chart Edge Higher.

FCPO opened gapped up, tested the 2100 physchology level and close 36 points higher for the morning session @ 2098. Price ended way above Mid Bollinger Band = Bullish. Having said that, Bollinger Band width stay unchanged for the last 3 candles with decreasing volume raise the sense of worry that the upward movement may have limited upside. MACD histrogram continue to rise higher = buying activity still remained strong. An increast in volume with Bollinger Band widening will be ideal for the market to trend higher.