Tuesday, January 5, 2010

20100105 1238 FCPO Mid Day Hourly Chart Study.


FCPO closed : 2699, changed : + 19 points, volume : Low.
Bollinger band reading : Bullish but side way likely.
MACD Histrogram : getting lower slowly, no seller yet.
Support : 2670, 2650 level.
Resistant : 2700, 2730 level.
Comment : The uptrend FCPO market may trade side way range bound as suggested by both Bollinger band and MACD Histrogram readings. Nevertheless should buying interest
coming in to the market with supporting volume, market could resume it's upward movement.

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