Bollinger band reading : correction range bound little upside biased.
MACD Histrogram : getting lower, seller getting encouragement to stay put.
Support : 2570, 2550, 2520 level.
Resistant : 2600, 2620, 2650 level.
Comment :
FCPO eased lower to record decline in lower but consider relatively high volume traded after market opened lower and recovered upward to closed near the high. Daily chart shows that market opened below the support turned resistant middle Bollinger band level with the outlook still having range bound little upside biased reading.
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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