Bollinger band reading : upside biased.
MACD Histrogram : getting higher, buyer market.
Support : 2700, 2670, 2650 level.
Resistant : 2730, 2750, 2790 level.
Comment :
Thin volume traded FCPO ended today higher with last hour buying activities push price higher break 2700 resistant level. Daily chart still favour a upside biased market with a little overdone price upward movement considering the more that 50% lower volume transacted which could triggered market to have a correction in the near term with crucial resistant ahead at 2730(Jan 2010 high).
When to buy : buy at support/weakness/break up 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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