Bollinger band reading : downside biased.
MACD Histrogram : continue lower, seller in control.
Support : 2370, 2350, 2330 level.
Resistant : 2400, 2450, 2470 level.
Comment :
FCPO managed to register a higher closed with improving volume transacted but however daily chart shows a continue lower closed due to the 3rd month switching effect. Outlook still showing a downside biased market testing lower support level with possible pullback correction.
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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