20091007 1820 FCPO EOD Daily Chart Study. A Doji Day!

FCPO ended 15 points higher today with a doji candle to closed at 2077. Price edged higher but still closed below Mid Bollinger Band = Market still negative and in a consolidate phase. Bollinger Band width continue to narrowed suggest market will be trading sideway range bound. MACD histrogram continue to rise but still below negative zone = Market trading sideway. Another thing to take notice is that there might be a positive divergence form in the MACD histrogram. Overall, market still trading sideway range bound. So the strategy will be lower to buy and higher to sell. 

When to Buy : Lower to buy with small profit/ cut loss point.
When to Sell : Higher to sell with small profit/ cut loss point.