Another slow and low volume transaction morning session today for FCPO that closed 12 point lower at 2196 after gap up at the high of 2221 and dive down. At closed of the morning session, FCPO still maintaining itself above mid Bollinger band within the contracting Bollinger band width = directionless side way range bound market. MACD Histrogram also stayed flat without encouraging volume = not serious activities performed by both buyer and seller. Looks like another waiting game today for the afternoon session to look out for more volume and direction before taking any action.
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