FCPO advanced 20 points higher today to closed at 2266 with low volume changed hand forming a doji bar candle. Closed above middle Bollinger band with the band width expanding = favour an upside biased market. Some late buying activities took place toward the market closing pushed MACD Histrogram just slightly higher. Looking at the chart, FCPO is trading inside the plotted narrowing trend lines and will have a break up or down very soon(but judging from the current price level, break up is likely to happen).
When to buy : buy at support/weakness/break up with larger cut loss and profit target.
When to sell : not advisable to initiate short position.
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