Bollinger band reading : upside biased.
MACD Histrogram : getting higher, buyer confident accelerate.
Support : 2400, 2370, 2350 level.
Resistant : 2450, 2470, 2500 level.
Comment :
Never looks back FCPO rallied again today after switched month in slightly lower(still consider high) volume transacted supported by higher seasonal festival demand and lower stock pile supply. Daily chart shows that market opened little lower and hesitated but finally decided to surge higher tested resistant level and closed just a tick below. Reading turned bullish to recommending a upside biased outlook 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 or strength with quick cut loss and profit target.
No comments:
Post a Comment