Thursday, 10 May 2012

10/5/2012 ; 3349 ; SIDEWAY ; closed up 6 points with no clear direction whatsoever. Formed a reshaped pennant from yesterday's pattern. Sideways if price is within pennant, bullish if break up, bearish if break down.

Wednesday, 9 May 2012

9/5/2012 ; 3335 ; BEARISH STILL - FCPO  unable to continue bullish momentum even though break up from the bullish flag. Instead it formed a pennant and it broke down before closing today due to weakness in  fundamentals and commodities.

Tuesday, 1 May 2012

1/5/2012 ; 3471 ; SIDEWAY STILL

FCPO is in sideway mode confirming the formation of a 'pennant' from a 'bearsh flag' earlier. It will stay sideways until it breaks out. If it breaks out above it's bullish. If it breaks out below it's bearish.