Bollinger band reading : correction upside biased.
MACD Histrogram : turned downward, buyer profit taking continue.
Support : 2470, 2450, 2400 level.
Resistant : 2500, 2520, 2550 level.
Comment :
Profit taking activities continue to take place on FCPO that closed lower in lesser volume traded following both cargo surveyor announced a negative export figures. Daily chart shows that market opened and tested higher ground but immediately face selling pressure pushing price down all the way to closed almost at the low of the day. But nevertheless, market is still having a correction range bound upside biased market outlook.
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