Bollinger band reading : neutral side way.
MACD Histrogram : No much changes gradually lower.
Support : middle and lower Bollinger band level.
Resistant : upper Bollinger band, 2500 level.
Comment :
FCPO opened at the high and traded weaker with thin volume transacted despite yesterday improved export data released. Not much interest and action by both buyer and seller today. Expect market to trade side way range bound with some test on the support and resistant level. Another thing to take notice will be the MACD indicator that continue registering higher reading may suggesting that the underlying of the market remained welly supported.
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