Bollinger band reading : correction range bound, upside biased.
MACD Histrogram : reversed lower again, buyer taking profit.
Support : 2550, 2520, 2500 level.
Resistant : 2570, 2600, 2620 level.
Comment :
Profit taking activities resulted FCPO to eased lower with increasing volume traded after market tested lower support level and managed to recovered up off the low of the day. Daily chart candle formed a potential bearish hanging man long lower shadow doji bar candle waiting for tomorrow market development for confirmation but having said that technical reading still suggesting a correction range bound upside biased marker development in the near term.
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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