FCPO closed : 2718, changed : +57 points, volume : higher.
Bollinger band reading : upside biased.
MACD Histrogram : getting higher, buyer defending position.
Support : 2700, 2650, 2600 level.
Resistant : 2720, 2800, 2850 level.
Comment :
4th week gained FCPO continue to trade higher with increasing volume changed hand after market worried over supply issue due to decreasing stock level condition. Weekly chart formed and up doji bar candle hovering at the upper Bollinger band with the reading suggesting a upside biased market development with possible pullback correct take place.
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