Bollinger band reading : upside biased.
MACD Histrogram : getting higher, buyer present.
Support : 2521, 2500, 2470 level.
Resistant : 2550, 2570, 2600 level.
Comment :
FCPO opened and traded continously higher in positive tone with improved volume transacted. Hourly chart reading turned from a side way range bound market into a further upside potential market. However, price seems over extended upwards with 3 consecutive hourly candle bar closed way above the upper Bollinger band alerted a possible pullback effect to take place in the near term.
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