Bollinger band reading : side way range bound downside biased.
MACD Histrogram : dropping lower, seller taking chances.
Support : 2470, 2450, 2400 level.
Resistant : 2500, 2521, 2550, 2570, 2600 level.
Comment :
FCPO ended the way negatively lower with improve volume traded formed a wide range down bar candle. Daily chart reading suggesting a side way range bound downside biased market with immediate support at the lower Bollinger band level.
When to buy : buy at support or weakness with quick cut loss and profit target.
When to sell : sell at resistant/strength/breakdown with quick cut loss and profit target.
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