FCPO traded marginally higher to closed at 2525 up 12 points with low volume changed hand. Price bounced up after hitting the middle Bollinger band yesterday to closed above it with the band width continue turn inward = side way ranging market to continue. Despite the recovery, MACD Histrogram recorded a lower reading with today lower volume = buyer interest toward the market is relatively low. Expecting market continue to trade side way ranging with support at the middle Bollinger band and resistant at 2606 level.
When to buy : buy at support or weakness with quick cut loss and profit target.
When to sell : sell at resistant or strength with quick cut loss and profit target.
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