Bollinger band reading : side way range bound.
MACD Histrogram : turned downward, buyer taking profit.
Support : 2620, 2600, 2570 level.
Resistant : 2650, 2670, 2700 level.
Comment :
FCPO closed lower forgoing all yesterday gain in better volume transaction changed hand as market sentiment turned mixed awaits tomorrow export data and MPOB official August 2010 report with an anticipation of higher than expected inventory level. Daily chart formed a wide range down bar candle with correction downward from the upper Bollinger band level. Reading wise, market still having side way range bound 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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