Bollinger band reading : downside biased with potential pullback.
MACD Histrogram : getting lower, seller in control.
Support : 2330, 2300, 2270 level.
Resistant : 2350, 2370, 2400 level.
Comment :
Continue weaker FCPO traded in worrying volume narrow range market. Daily chart candle traded and closed entirely below of lower Bollinger band with a downside biased reading follow by potential pullback correction to take place in the near term.
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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