FCPO traded 39 points higher to closed at 2229 for the morning session today with higher volume transacted compare to the last 2 days morning session. Hourly chart wise, price touched and closed near the upper Bollinger band = positive sentiment returned to the market. Bollinger band width turned wider and wider after market gap up in the morning and traded higher = market are like to move higher should Bollinger band continue to expand. MACD Histrogram also edge up higher = buyer out numbers seller this morning. Overall, the positive sentiment of the morning session has yet to turned bullish without encouraging and sufficient volume coming into the market.
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