Wednesday, December 30, 2009

20091230 1816 FCPO EOD Daily Chart Study.



FCPO closed : 2595, changed : + 5 points, volume : Lower.
Bollinger band reading : Bullish but side way range bound likely.
MACD Histrogram : continue higher, buyer has yet to leave.
Support : 2555, middle Bollinger band level.
Resistant : 2630 level.
Comment :
Profit taking activities continue to take place today with lower volume changed hand. Chart still show that the uptrend market remained intact with some temporary side way range bound likely.
When to buy : buy at support or weakness with quick cut loss and profit target.
When to sell : sell at resistant or strength with quick cut loss and profit target.

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