Bollinger band reading : neutral side way range bound likely.
MACD Histrogram : recovering, buyer bargain hunting.
Support : 2470, 2440, 2400 level.
Resistant : 2500, 2521, 2550 level.
Comment :
FCPO closed near the high but still below the 2500 resistant level with suppotive volume transacted today. Daily chart wise, today small body up bar candle hanging around the middle Bollinger band with the band width turning inwards suggest that market is likely to trade side way range bound with possible testing higher resistant level as MACD Histrogram seems recovering well with higher volume shows that buyer are interested to enter the market.
When to buy : buy at support or weakness with quick cut loss and profit target.
When to sell : sell at resistant or strength with larger cut loss and profit target
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