Bollinger band reading : side way downside biased.
MACD Histrogram : recovering, seller reducing exposure.
Support : 2470, 2450, 2400 level.
Resistant : 2500, 2521, 2550 level.
Comment :
FCPO continue to trade firmer today in lesser volume changed hand. Daily chart reading still suggeting a side way range bound downside biased market with some testing at resistant level to identify the market underlying strength. On the other hand the near support level potential candle stick island reversal signal still remained valid for time being.
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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