Bollinger band reading : correction upside biased.
MACD Histrogram : reverse downward, buyer book in profit.
Support : 2400, 2370, 2350 level.
Resistant : 2450, 2470, 2500 level.
Comment :
FCPO finally recorded a down day after nearly 2 weeks of rally by easing lower in better volume traded after both cargo surveyor released a lower export data. Daily chart shows that market opened unchanged but selling pressure started to come in and last hourly press price to closed rigth at the low of ther day. Reading wise, market is having a downward correction within a upside biased market.
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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