Friday, February 5, 2010

20100205 1243 FCPO Mid Day Hourly Chart Study.

FCPO closed : 2509, changed : -1 points, volume : low.
Bollinger band reading : bullish side way range bound.
MACD Histrogram : getting lower, buyer alerted.

Support : 2500, 2470, 2440 level.
Resistant : 2521, 2550, 2590 level.
Comment :
Low volume traded FCPO ended the first session nearly unchanged after market opened gap down and recovered higher. Hourly chart wise, price seems still supported well with and market is likely to trade side way range bound with a little a upside biased.

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