Tuesday, November 27, 2007

FPH - closed previous gap down




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FPH = 63 (3.3%)

FPH formed a white candle with higher high and lower low to close a previous gap down

FPH seems to have formed a bullish engulfing pattern which might be a bullish sign. It will likely be confirmed if FPH manages to form higher lows and highs.

FPH seems to be forming an aggressive demand line.

Resistance: 67-68 (previous gap down)
Support: 60, 58

Good luck to all FPH traders!
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