Wednesday, 11 April 2012

11/4/2012 ; 60 min chart ; 3621; Bullish - still holding longs.

FCPO made some correction the last 2 trading days but recovered all the losses and in-fact made a new high in the process. It 'broke down' the 'rising wedge' formation monday 2nd session but recovered and recorded a new higher high tuesday 2nd session. It now formed a 'bearish flag' which if the price is still within the flag, it's bullish. If it breaks down, it's bearish.

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