A tricky day for FCPO that opened unchanged, tested the low at 2535 followed by after lunch break up that traded strongly to the high of 2590 toward the end just before the last 15 minuted sell down to closed 2 points higher at 2561. Today's doji bar candle ended near the upper Bollinger band with the band width contracting = the uptrend correction is likely to continue. MACD Histrogram registered a lower reading = buyer is not interested to add more position at this point of time. Seems like the ranging market to continue with immediate support at 2521 and resistant at 2610 level.
When to buy : buy at support/weakness/break up with larger cut loss and profit target.
When to sell : sell at resistant or strength with quick cut loss and profit target.
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