Bollinger band reading : pullback correction upside biased.
MACD Histrogram : turned downward again, buyer taking profit.
Support : 3270, 3250, 3200, 3150 level.
Resistance : 3300, 3350, 3420, 3450 level.
Comment :
FCPO closed recorded tiny gain with declining volume changed hand. Soy oil price trading weaker after overnight closed recorded marginal loss while crude oil price surging higher.
Market swng between gains and losses awaits next Monday export data and some mild profit taking activities ahead of the weekend.
Chart reading remained suggesting a pullback correction upside biased market development.
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.
1 comment:
Im still hoping and looking forward to see a new and established malaysia someday
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