Bollinger band reading : correction range bound, upside biased.
MACD Histrogram : resume upward again, buyer increase exposure.
Support : 2570, 2550, 2520 level.
Resistant : 2600, 2620, 2650 level.
Comment :
Doji bar candle FCPO ended recording gain with reduced volume transaction changed hand after market opened higher above resistant that turned into support and seems facing some difficulties breaking above 2600 psychology level. Daily chart wise, the uptrend remained intact after market continue to seek higher ground but still lack of supportive volume with MACD Histrogram seems not responding to the higher high market development but having said that the outlook remain range bound upside biased development.
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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