Bollinger band reading : correction, upside biased.
MACD Histrogram : weakening, buyer taking profit.
Support : 2520, 2500, 2470 level.
Resistant : 2550, 2570, 2600 level.
Comment :
Quiet weekend mood volume transaction FCPO continue to register small gain for the first session after market opened gap higher at the high of the day and immediately faced profit taking selling pressure pressed price to closed near the low. Hourly chart reading suggesting a range bound correction upside biased market development for the near term.
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