Monday, December 21, 2009

20091221 0830 FCPO Weekly Chart Study.



Wow!  A totally different story here, FCPO closed the week up 90 points compare to last week ! The last weekly candle ended just at the upper Bollinger band with the band width expanding = bullish market. MACD Histrogram climb higher = buyer still rules the market. In short words, bullish uptrend market with target/resistant at 2651 follow by 2755 level (am I too optimistic.....)

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