Tuesday, June 8, 2010

20100608 1248 FCPO Mid Day Hourly Chart Study.

FCPO closed : 2444, changed : -5 points, volume : low.
Bollinger band reading : side way downside biased.
MACD Histrogram : getting lower, seller still in.
Support : 2400, 2370, 2350 level.
Resistant : 2450, 2470, 2500 level.
Comment :
Half dead volume FCPO ended marginally lower for first session after market opened higher and retreat downward. Hourly chart reading suggesting a side way range bound downside biased market development.

1 comment:

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