FCPO closed : 2494, changed : -21 points, volume : higher than yesterday.
Bollinger band reading : bearish but possible side way range bound.
MACD Histrogram : getting lower, seller took charge.
Support : 2474, lower Bollinger band level.
Resistant : middle Bollinger band, 2550 level.
Comment :
Despite the bearish chart reading, FCPO could possibly trade side way ranging or even do a upward correction due to the reason today's daily chart candle ended with a doji with the Bollinger band stay nearly unchanged and also closed the day above the 2490 support level.Anticipating a side way range bound downside biased market.
When to buy : buy at support or weakness with quick cut loss and profit target.
When to sell : sell at resistant/strength/break down with larger cut loss and profit target.
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