Bollinger band reading : downside biased.
MACD Histrogram : getting lower, seller in control.
Support : 2470, 2450, 2400 level.
Resistant : 2500, 2521, 2550 level.
Comment :
FCPO ended the day right at the low in lesser volume transacted within a 29 points range market. Daily chart reading suggesting a further downside potential market likely to develop in the near term. However the correction could still take place due to Monday over extended plunge below the lower Bollinger band.
When to buy : buy at support or weakness with quick cut loss and profit target.
When to sell : sell at resistant/strength/break down with quick cut loss and profit target.
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