Bollinger band reading : bullish.
MACD Histrogram : resume higher, buyer still in control.
Support : 2620, 2590, 2570 level.
Resistant : 2650, 2670, 2700 level.
Comment :
FCPO opened higher and traded side way range bound within a tight 17 points range forming doji bar candle with improving volume transacted. Daily chart and indicators still suggesting for a bullish further upside potential market but the only element missing here is volume traded was comparatively lower for a sustainable upward movement and hopefully higher volume will returned to the market in the near term.
When to buy : buy at support/weakness/break out 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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