Bollinger band reading : correction range bound upside biased.
MACD Histrogram : getting weaker, buyer reducing exposure.
Support : 2720, 2700, 2670, 2650 level.
Resistant : 2750, 2770, 2800 level.
Comment :
FCPO closed recorded marginal gain with lower volume transaction as market opened and tested higher 2750 but momentum seems lacking lead trader to close position ahead of the weekend awaits fresh catalyst to determined market direction. Daily chart formed a long lower shadow doji bar candle with market still likely to trade range bound upside biased reading.
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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