20100118 0955 FCPO Weekly Chart Study.

FCPO closed : 2490, changed : -136 points, volume : Higher.
Bollinger band reading : bullish but side way likely.
MACD Histrogram : lower, selling mood.
Support : middle Bollinger band, 2400, 2240 level.
Resistant : 2521, 2740 level.
Comment :
Big uptrend downward correction took place last week with price penentrated and closed below the 2521 support level. Weekly chart reading suggesting FCPO to trade side way range bound downside biased as last week correction took place with supporting volume.