FCPO closed unchanged at 2482 after opened gap up followed by traders profit taking activities to close position ahead of the long weekend forming a black bar candle. Chart wise, Bollinger band reading still favour a upside bias movement market and on the other hand MACD Histrogram recorded a lower reading due to seller profit taking activites. Market tested today's high and also resistant level of 2521 and closed lower could hints that the market may need to take some rest(side day or downward correction) to gather enough strength before marching higher. Immediate support stands at 2420~2430 and resistant rest at 2521~2525.
When to buy : buy at support or weakness with quick cut loss and profit target or buy on break up with larger cut loss and profit target.
When to sell : sell at resistant or strength with quick cut loss and profit target.
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