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.

2 comments:

  1. Definitely agree. It could be on the verge of a bearish break out

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  2. Today confirmed. Bearish due to gap-closing activities.

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