FCPO gap down after the opening bell and violated the recent low at 2861. Market then sank to the intra-day low at 2820 before closing at 2855 for midday break. Chart wise, we now looking for the immediate support at 2814-2800 (gap left over in early Nov, 2007). For upside, immediate resistance is at 2855-2935 (gap left over this morning).
Monday, August 4, 2008
FCPO violated the recent low at 2861
FCPO gap down after the opening bell and violated the recent low at 2861. Market then sank to the intra-day low at 2820 before closing at 2855 for midday break. Chart wise, we now looking for the immediate support at 2814-2800 (gap left over in early Nov, 2007). For upside, immediate resistance is at 2855-2935 (gap left over this morning).