Bollinger band reading : side way range bound.
MACD Histrogram : getting higher, buyer taking small exposure.
Support : 2470, 2450, 2400 level.
Resistant : 2500, 2521, 2550 level.
Comment :
FCPO turned higher today with improved volume traded managed to stay above the middle Bollinger band and plotted downward trendline level after crude oil and soy oil futures price stayed firm. However the daily chart reading still suggesting a side way range bound market testing support and 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.
No comments:
Post a Comment