Bollinger band reading : bearish side way.
MACD Histrogram : recovering upward, seller reducing position.
Support : 2400, 2292 level.
Resistant : 2521, 2620 level.
Comment :
FCPO weekly chart has formed the 2nd weekly doji bar candle with some effort of testing the support level near the middle Bollinger band but the defence line seems still holding well. Technically, both indicators remain neutral suggesting a side way range bound market with a little biased to the upside still because price remained above middle Bollinger band and MACD still stay in the positive territory.
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