FCPO has tried to recover but failed to hold. Selling pressure continue to hammer the already weak market momentum and violated the support at 2530-2520 in intra-day basis. We now pegged the immediate support at 2500 followed by 2460-2450. Resistance is at 2675 followed by 2728-2767 (gap left over on 11th Aug, 2008).
Wednesday, August 13, 2008
FCPO no chance to recover?
FCPO has tried to recover but failed to hold. Selling pressure continue to hammer the already weak market momentum and violated the support at 2530-2520 in intra-day basis. We now pegged the immediate support at 2500 followed by 2460-2450. Resistance is at 2675 followed by 2728-2767 (gap left over on 11th Aug, 2008).