FCPO closed : 2626, changed : -4 points, volume : Higher.
Bollinger band reading : still bullish but side way likely.
MACD Histrogram : lower, seller still ruled.
Support : 2620, middle Bollinger band, 2560 level.
Resistant : 2630, 2680, 2700 level.
Comment :
FCPO closed off the low after pullback effect took place in the afternoon session ended today with a doji bar candle. Daily chart shows uptrend still intact with possible downwards correction. Expect market to trade side way range bound with downside biased in the near term as market could still test lower for support.
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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