Bollinger band reading : side way range bound little downside biased.
MACD Histrogram : not much movement, waiting game for both buyer and seller.
Support : 2521, 2500, 2470 level.
Resistant : 2550, 2570, 2600 level.
Comment :
28 points range side way market FCPO traded fraction lower in thin volume with the yet to be confirm upward trend line support has been challenged for the 2nd time and some how price managed to closed right above it. Daily chart reading continue to show a side way range bound market with a little downside development.
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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