Another waiting game on this morning session in the FCPO market that advanced higher at 2263 up 16 points with low volume traded. Still holding up above the mid Bollinger band with the Bollinger band width stayed nearly unchanged = market still trading upward biased. However, MACD Histrogram swinging up and down shows that the market has yet to determine its direction with the indecisive buying and selling activities. Overall market is not in negative sentiment yet but it is also reluctant to move higher at this moment of time. Perhaps more encouraging volume coming back to the market will entice the market to made up its mind to move up higher.
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