Bollinger band reading : bullish biased with side way ranging market likely.
MACD Histrogram : reversed slightly higher, buyer returned in smaller scale.
Support : 2521, middle Bollinger band, 2400 level.
Resistant : 2600, 2650, 2740 level.
Comment :
FCPO continue to trade higher with lower volume transacted as market is taking a long holiday break and participant preferred to reduce their exposure. Weekly chart reading suggesting a continue side way range bound market with a little upside biased as price still supported by the middle Bollinger band and the band width continue to turn inwards.
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