Thursday, December 10, 2009

20091210 1549 FCPO Latest Hourly Chart Study.



FCPO hourly chart wise still biased to a downside movement with immediate resistant level at the middle Bollinger band. Price still traded below the middle Bollinger band with the band width still expanding and MACD Histrogram shows a little improvement = market sentiment remained weak and seems facing some selling pressure once market reached a new high.

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