Tuesday, May 18, 2010

201000518 1255 FCPO Mid Day Hourly Chart Study.

FCPO closed : 2425, changed : unchanged, volume : low.
Bollinger band reading : side way downside biased.
MACD Histrogram : recovering, seller still in.
Support : 2400, 2370, 2340 level.
Resistant : 2450, 2470, 2500 level.
Comment : Ultra low volume 15 points range side way market FCPO closed unchanged for lunch time with hourly chart still having correction after yesterday opened gaped down within a side way range bound downside biased market.

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