Bollinger band reading : upside biased.
MACD Histrogram : weakening, buyer still in and locking in profit.
Support : 2500, 2470, 2450 level.
Resistant : 2520, 2550, 2570 level.
Comment :
FCPO ended the day registering some gain with better volume transacted after market opened and tested higher but profit taking activities pressured price to downward resulted FCPO to closed off the high of the day. Daily chart technical reading suggesting an upside biased market market development but with weak supportive volume.
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