Friday, April 30, 2010

20100430 1835 FCPO Weekly Chart Study.

FCPO closed : 2558, changed : +18 points, volume : lower.
Bollinger band reading : side way range bound.
MACD Histrogram : turned upward, buyer seller still battling.
Support : 2530, 2500, 2450 level.
Resistant : 2580, 2630, 2700 level.
Comment :
FCPO closed firmer and traded range bound throught out the week without any firm direction being establish. Weekly chart suggesting a side way range bound market to continue take place in the near term. Tough market ahead. Susah cari makan oh.

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