FCPO closed : 2590, changed : -59 points, volume : higher.
Bollinger band reading : side way downside biased market.
MACD Histrogram : falling, seller in charge.
Support : 2590, 2570, 2521 level.
Resistant : 2620, 2650, 2670 level.
Comment :
Confirm black Monday! Despite the released of encouraging export data, FCPO failed to escape from the hand of seller that turned fierce today defeating all the buyers to end the day right at the low. Daily chart reading turned slightly negative biased within a side way range bound market with testing effort seen at support level.
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.
No comments:
Post a Comment