20100205 1848 FCPO Weekly Chart Study.

FCPO closed : 2521, changed : +76 points, volume : lower.
Bollinger band reading : side way and little bullish.
MACD Histrogram : getting lower, both buyer and seller remained cautious.
Support : middle Bollinger band, 2400, 2350 level.
Resistant : 2521, 2650, 2740 level.
Comment :
FCPO traded higher after market attempted to test the middle Bollinger band support level but failed. Weekly chart wise reading remained side way range bound with possible testing further upside resistant level after the middle Bollinger band support level defense still holding firmly. However strong resistant also existed at the pivot 2521 level. Tougher ahead.