FCPO market climbed marginally higher forming a shooting star black candle to closed at 2160, up only 3 points with lower volume traded compare to yesterday. Last 15 minutes selling push the market down from the high of 2196 mainly because market are still unsure and awaits for tomorrow's export figure data to minimise exposure in the market. At closed FCPO still trading above mid Bollinger Band = Bullish biased market. With Bollinger Band width narrowed marginally telling us that market may still trade side way range bound. MACD histrogram rise for the 4th consecutive day indicate that there are still buying activities in the market.
When to Buy : Buy on dip or at support level with cut loss below support level.
When to Sell : Cannot initiate short position unless market break below mid Bollinger Band.
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