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FCPO Daily: Potential of head n shoulder formation

Posted by Flora Sawita Labels:


Market close in negative territory after failed to defend at 2600 mark. This had chart in a potential of head and shoulder formation if market continue to lose ground. As for now, we are looking for the immediate upside resistance at 2651-2665 followed by . To the downside, support is pegged at 2586-2585 (gap left over since 1/6/2009) followed by 2530-2500.

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