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.
Posted by at
Labels: , , , ,

2 comments:

  1. bamboo investment4 May 2012 at 08:33

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

    ReplyDelete
  2. chinoni48014 May 2012 at 11:05

    Today confirmed. Bearish due to gap-closing activities.

    ReplyDelete

Subscribe to: Post Comments (Atom)