Thursday, November 5, 2009

20091105 1826 FCPO EOD Daily Chart Study.



Also a resting day for FCPO that traded in a 22 points range ended the day 13 points lower to closed at 2247 with low volume forming a doji bar candle. Daily chart wise still looks healthy with all indicators reading still biased to a upward movement market. Should higher volume returning to the market then this upward momentum are likely to be sustainable.
When to buy : buy at support or break out with larger cut loss and profit target.
When to sell : sell only at breaking down of support with quick stop loss and profit target.

No comments: