20100416 1838 FCPO EOD Daily Chart Study.

FCPO closed : 2518, changed : +8 points, volume : lower.
Bollinger band reading : side way range bound little downside biased.
MACD Histrogram : getting lower, seller trying their luck.
Support : 2500, 2470, 2450 level.
Resistant : 2521, 2550, 2570 level.
Comment :
Another boring day FCPO traded slightly higher in diminishing volume. Daily chart continue to shows side way range bound downside biased market in the near term.
When to buy : buy at support or weakness with quick cut loss and profit target.
When to sell : sell at resistant or strength with quick cut loss and profit target.