Bollinger band reading : upside biased.
MACD Histrogram : rising, buyer getting aggressive again.
Support : 2620, 2600, 2570 level.
Resistant : 2650, 2670, 2700 level.
Comment :
Uptrend FCPO continue to head north as trader fear of lower stock level continue to lift price higher and closed near resistant level after market opened lower and tested near support level. Hourly chart wise, market is now hovering around upper Bollinger band level with the outlook suggesting a upside biased market but with possible pullback correction.
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