Finally! The much waited FCPO side way market congestion break out happen today right after second session started forming a double bottom break up from the 2521 resistant level. Ended today up 84 points to closed at 2562, FCPO traded in the range of 123 points hitting the high at 2596 and opened at the low of 2473 with the highest daily volume transacted of the week. Chart wise, all indicators in the chart agreed with each other with the opinion of a upward biased movement market with new support now at the 2521 level and the resistant level at 2610.
When to buy : buy at support/weakness/break up with larger cut loss and profit target.
When to sell : sell cautiously at resistant or strength with quick cut loss and profit target.
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