Wednesday, December 30, 2009

20091230 1238 FCPO Mid Day Hourly Chart Study.



FCPO closed : 2590, changed : unchanged, volume : Lower.
Bollinger band reading : neutral, side way range bound.
MACD Histrogram : dropping slowly, both buyer and seller in holiday mood.
Support : 2570, 2555 level.
Resistant : 2630 level.
Comment :
Nor here nor there, low volume, hoilday mood market today. Hourly chart wise, market likely to stay side way range bound with some
downside biased. 

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