A very tough day to trade on FCPO market today ! FCPO ended up 55points with a small white range bar candle to closed at the high of 2085 but still closed below Mid Bollinger Band indicate the market are still biased to the downside.Bollinger Band width narrowed by a fraction suggest market will still have the potential to go down lower. MACD histrogram rise near to 0 level = buyer are more aggresive that seller.Another possible factor is that seller might close their position due the weekend.
When to Buy : Buy only at break out preferably above mid Bollinger Ban with wider cut loss and profit target.
When to Sell : Higher to short or short on break down with wider cut loss points and profit target.
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