A SELL signal given based on TC Pro's candlestick expert on the weekly chart.
Sunday, 31 March 2013
FOOD FOR THOUGHT. CAN ANYBODY GUESS WHICH WAY IS FCPO IS HEADING NEXT?
1. Indicator wise both RSI and the MACD are showing 'up'. 2. Chart pattern wise it broke up above a descending triangle but later it gave a false breakout above a bigger descending triangle and then retraced
. 3. Late Feb. it broke down a major rising wedge ( should be bearish) but instead it went sideways until now.
. 3. Late Feb. it broke down a major rising wedge ( should be bearish) but instead it went sideways until now.
Friday, 29 March 2013
29/3/2013 ; BUY back 1st lot at 2378
I bought back 1st lot at 2378 today after being stopped out at the break down of the bearish flag on the opening 26/3/2013. ( I should have reversed my position at the same time but don't have the guts to do it at that point of time).
Friday, 22 March 2013
Daily and Weekly charts ; BULLISH.
Daily chart; BUY signal on the 20/3/2013 and still rising. Weekly chart; Candlestick pattern 'bullish harami' reversal is positively becoming a reality.
22/3/2013 ; 2483 (MAY)
Formation of a bearish flag. Still holding 1st lot BUY on 13/3/2013. Market will remain bullish as long within or above flag. Bearish if break down.
Friday, 15 March 2013
15/3/2013 ; FCPO - 2413 ; ALL INDICATIONS BULLISH REVERSAL
Weekly chart closed lower but all indications are showing a very likely bullish reversal is in the making.The daily chart is showing a bullish divergence on both the RSI and the Stochastic.The weekly candle is showing a bullish harami. A bullish movement is expected next week.
Wednesday, 13 March 2013
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