FCPO closed : 2554, changed : +54 points, volume : lower.
Bollinger band reading : neutral with side way range bound likely.
MACD Histrogram : just reverted upward slightly, buyer returned but volume just too low.
Support : middle Bollinger band, 2490 level.
Resistant : 2570, upper Bollinger band level.
Comment :
Too early to call for a resume uptrend movement due to today's thin volume traded. Expecting market to trade side way range bound waiting more volume to come back into the market for confirmation of market direction.
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
No comments:
Post a Comment