FCPO closed 62 points higher to close near the high of the day at 2147 to form a white range bar candle due to better export figure released today. At close price break through and stay above the mid Bolliger Band = Market has break away from it's previous bearish sentiment. Bollinger Band width stay unchanged suggest a neutral movement market. MACD histrogram also rise above the positive territory indicate that there are new buyer comming in with some short covering activity.
How / When to buy : But at pullback or break up and use mid Bollinger Band as support to cut loss.
How / When to sell : Sell if price break bellow mid Bollinger Band with cut loss above Bollinger Band.
1 comment:
The moment when price trades above the upper band, that will create a clear direction for the market.
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