20100223 1820 FCPO EOD Daily Chart Study.

FCPO closed : 2635, changed : +4 points, volume : higher.
Bollinger band reading : bullish.
MACD Histrogram : reversed lower, buyer taking profit.
Support : 2620, 2590, 2570 level.
Resistant : 2650, 2670, 2700 level.
Comment :
Improved transaction volume FCPO ended marginally higher within a 40 points range market as buyer locking in profit when market reached higher level. Bullish outlook remained unchanged on the daily chart basis but MACD Histrogram movement has yet to synchronize with the upward movement. Expect market to trade upside biased in the near terms.
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.