Bollinger band reading : side way downside biased market.
MACD Histrogram : weaker, seller still in control.
Support : 2590, 2570, 2550 level.
Resistant : 2620, 2650, 2670 level.
Comment :
Boring tight range FCPO opened and traded mostly in positive territory with lower volume changed hand that still managed to break 2 levels of resistant. Daily chart reading remained unchanged with a side way range bound downside biased market testing higher resistant 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.
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