Bollinger band reading : side way range bound downside biased.
MACD Histrogram : getting weaker, seller turned aggresive.
Support : 2400, 2370, 2350 level.
Resistant : 2450, 2470, 2500 level.
Comment :
FCPO continue to to head south by ended lower in improving volume traded after market opened near the higher of middle Bollinger band resistant level. The daily chart remained calling for a side way range bound downside biased market testing previous support 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.
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