Thursday, December 24, 2009

20091224 1239 FCPO Mid Day Hourly Chart Study.



FCPO closed : 2531, changed : +31 points, volume : low.
Bollinger band reading : neutral, side way range bound likely.
MACD Histrogram : improving, short position locking in partial profit.
Support : 2500, lower Bollinger band level.
Resistant : 2550, upper Bollinger band level.
Comment :
Low volume upward correction taking place. Side way range bound market likely to continue.

No comments: