Bollinger band reading : range bound, upside biased.
MACD Histrogram : weakening, buyer profit taking.
Support : 2500, 2470, 2450 level.
Resistant : 2520, 2550, 2570 level.
Comment :
Continue improving volume FCPO closed for weekend marginally higher after market opened gap up at the high of the day but immediately head south due to profit taking activities tested below support level and following by last hour bargain hunting push price upward to register minor gain. Daily chart wise, market outlook adjusted into suggesting a range bound upside biased market as Bollinger band width seems started to turned inwards.
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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