Thursday, June 24, 2010

20100624 1405 FCPO Mid Day Hourly Chart Study.

FCPO closed : 2390, changed : +6 points, volume : low.
Bollinger band reading : side way range bound downside biased.
MACD Histrogram : continue rising, seller continue to take profit.
Support : 2370, 2350, 2330 level.
Resistant : 2400, 2450, 2470 level.
Comment :
Directionless tight 13 points range FCPO traded slightly higher in thin trading volume as seller partial profit taking activities continue to take place. Hourly chart reading showing a side way range bound downside biased market.

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