Bollinger band reading : side way upside biased.
MACD Histrogram : rise higher, buyer taking chances.
Support : 2550, 2521, 2500, 2470 level.
Resistant : 2550, 2590, 2620 level.
Comment :
FCPO closed marginally higher with encouraging volume today after traded side way range bound within a 25 points range market as market looking forward to tomorrow 1~10 Feb 2010 export data (positive expectation). Daily chart reading seems started to turned a little positive sided with price trading near upper Bollinger band with the band width expanding. Expect market to trade side way range bound upside biased in the near term.
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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