Saturday, 9 February 2013

9/2/2013 - FCPO - 2560; BULLISH STILL.

This week FCPO ended the week at 3560 after recorded a new higher high last week of 2593 and a higher low of 2529. It now formed a 'descending triangle' above at the end of the 'rising flag'. This indicate that even after a week of consolidation, it's still very 'strong' indeed as it ended above the moving averages.Is this the start of a SUPERBULL run? If it breakout above the triangle it's BULLISH and if breakdown below the triangle its' BEARISH.