Bollinger band reading : side way downside biased market.
MACD Histrogram : falling, seller in charge.
Support : 2550, 2521, 2500 level.
Resistant : 2570, 2590, 2620 level.
Comment :
Wild swing market, lots of roll overs and long lower shadow doji bar candle FCPO traded marginally lower (continuous month down 21 points) with sustainable volume. Daily chart negative sentiment accelerate and suggesting a side way range bound downside biased market. Having said that market can still test higher resistant level as it is way too early to say that market has turned bearish.
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.
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