Tuesday, September 7, 2010

20100907 1828 FCPO EOD Daily Chart Study.

FCPO closed : 2628, changed : +8 points, volume : higher.
Bollinger band reading : side way range bound.
MACD Histrogram : recovering, buyer in advantage marginally.
Support : 2620, 2600, 2570 level.
Resistant : 2650, 2670, 2700 level.
Comment :
FCPO registered marginal gain in improving volume transaction after traded range bound tested lower support level and recovered. Daily chart wise, the reading still suggesting a side way range bound market development testing higher resistant level.
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.

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