20100811 1844 FCPO EOD Daily Chart Study.

FCPO closed : 2676, changed : +6 points, volume : lower.
Bollinger band reading : correction range bound upside biased.
MACD Histrogram : weakenning, buyer continue to take profit.
Support : 2670, 2650, 2620 level.
Resistant : 2700, 2720, 2750 level.
Comment :
Correction 35 points range market FCPO traded range bound registering minor gain in lower volume transaction as market await fresh news to lead market direction. Today doji bar candle daily chart tested support level but recovered upward to closed slightly higher with the outlook having correction upside biased market reading.
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.