FCPO ended the day 37 points higher to closed at 2189 forming a white range bar and a bullish engulfing candle formation in unison with higher soy oil futures price that rebounded. Immediate resistant rest at 2210~2230 level. Today candle closed above and rebounded from the mid Bollinger band = market has yet to turned bearish. Bollinger band width narrowed mildly = market might trading side way range bound. MACD Histrogram continue to lower but at slower pace = seller has yet to leave the market totally.
When to buy : Buy on weakness with quick cut loss and profit(intraday only).
When to sell : Sell on strength with quick cut loss and profit(intraday only).
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