20100305 1842 FCPO Weekly Chart Study.

FCPO closed : 2670, changed : +75 points, volume : higher.
Bollinger band reading : side way upside biased.
MACD Histrogram : rising slowly, buyer taken some exposure.
Support : 2580, 2530, 2500 level.
Resistant : 2730, 2800, 2850 level.
Comment :
FCPO ended higher week on week with better volume changed hand. Weekly technical chart suggesting that the market is likely to trade side way range bound upside biased after market testing the 2580 crucial support level for the third time.