A quite Friday for FCPO that traded marginally lower to closed at 2518 downed 3 points with thin volume transacted. Market gap higher at the opening and traded higher but failed to sustain the upward momentum. Price seems resisted and stay below the middle Bollinger band with the band width stay almost unchanged = a side way range bound market. MACD edging up slowly = small buying activities but still insufficient. Immediate resistant at the middle Bollinger band level and should price break up above it with higher volume would see price trying to test the upper Bollinger band level or else market is likely to trade side way ranging with downside biased.
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