Last minute selling due to weekend on FCPO push market 78 points lower today with a wide range bar black candle to closed at 2037. Price closed below Mid Bollinger Band = Bearish but market might pull back before going down further b'cos price closed below Mid Bollinger Band.
Bollinger Band width just started to widen but low volume transacted suggest that market are bias to downside with possible pull back first. MACD histrogram also started to fall today = Bear are selling. In order for the market to come down, we should see a drop in price, higher volume and Bollinger Band width continue to widen.
When to Buy : Cannot initiate long position.
When to Sell : Higher to short at resistant level or even short at breakdown with bigger cut loss.
FKLI ended 5 points lower today with a 10 points gap down and recovered some losses to closed at 1204. Price closed below Mid Bollinger Band = Bearish. Bollinger Band width continue to narrowed and low volume transacted suggest that market will be trading sideway range bound. MACD histrogram continue to fall = bear are selling. In order for the market to come down, we shoule see a drop in price, higher volume and Bollinger Band width started to widen.
When to Buy : Buy at support near or below Lower Bolingger Band with small cut loss/profit target.
When to Sell : Higher to short at resistant level with small cut loss/profit target.
FKLI trading sideway in the range of 4.5 point range after a 10 points gap down. 1200 physchology suport level was tested but price close above it. Hourly chart closed below Mid Bollinger Band with better volume traded = Bearish. Bollinger Band width widen suggest market will be trading bias to the downside. The last MACD histrogram stay nearly unchanged = Market taking rest.
When to buy : Cannot Long.
When to sell : Higher to Sell or sell at resistant with cut loss above Mid Bollinger Band.
FCPO ended halfday down 20 points and tested the 2100 physchology level again. Hourly chart closed below Mid Bollinger Band = Bearish. Bollinger Band width widen suggest market will be trading bias to the downside. MACD histrogram turned negative = Market is bias to downside.
When to Buy : Buy at support.
When to Sell : Higher to Sell or sell at resistant with small cut loss.
Soy Oil Futures traded down 12 cents after 2 days surged !. A potential positive divergence is forming on the price and MACD indicator. Price still traded above Mid Bollinger Band and MACD Histrogram still rising signaled buyer or short covering is in. Hopefully price can sustain and break higher.
A very good news for short seller. DJIA ended below Mid Bollinger Band with a wide range bar black candle with sustainable volume = Bearish. Bollinger Band width narrowed by a fraction suggested that the market might still stay sideway but should the width expanded with price traded below Mid Bollinger Band, we might see DJIA will be trading downward. MACD Histrogram continue to lowered indicating seller are in the market.
