Bollinger band reading : range bound downside biased.
MACD Histrogram : recovering, both buyer and seller testing market.
Support : 2520, 2500, 2470 level.
Resistant : 2550, 2570, 2600 level.
Comment :
FCPO ended the day slipped lower with improved volume transaction after price penetrated below 3 levels of support and followed by profit taking activities lifted price to recover upward closed off the low. Daily chart formed a long lower shadow doji market candle closing below middle Bollinger band with the reading suggesting a range bound downside biased market 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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