Bollinger band reading : upside biased.
MACD Histrogram : rising, buyer buy all the way.
Support : 2650, 2620, 2600 level.
Resistant : 2670, 2700, 2720 level.
Comment :
Super bull FCPO rallied again broken challenging resistant levels effortlessly followed by profit taking activities pressed price to closed off the high with slightly lesser volume. Daily chart wise, todays candle bar ended way above upper Bollinger band indicate market seems a little overbought that could possibly trigger and pullback correction. But overall the reading still suggesting a uptrend upside biased movement market.
When to buy : buy at support or weakness with larger cut loss and profit target.
When to sell : sell at resistant or strength with quick cut loss and profit target.
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