Bollinger band reading : turned to side way range bound little upside biased.
MACD Histrogram : getting higher, buyer increase exposure.
Support : 2400, 2370, 2350 level.
Resistant : 2450, 2470, 2500 level.
Comment :
FCPO gained for the 6th consecutive day in ultra high volume changed hand after supporting positive export figure released today. Daily chart shows that seller lost control as buyer returned aggressively break above crucial 2400 resistant level closed near upper Bollinger band level. Reading turned into suggesting a side way range bound little upside biased market.
When to buy : buy at support or weakness with quick cut loss and profit target.
When to sell : sell at resistant or strength with quick cut loss and profit target.
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