FCPO traded 17 points higher to close at 2174 in the morning session with only 12 points range and lower volume changed hand. Hourly chart wise, FCPO still stay above mid Bollinger Band = Bullish biased. On the other hand, Bollinger Band width continue to narrowed suggesting a side way range bound market. MACD Histrogram also getting lower indicates that buyer are not aggresively buying through out the morning session. Overall, market is bullish biased but still not ready to surge upward.
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