Bollinger band reading : correction range bound upside biased.
MACD Histrogram : getting higher, buyer empire.
Support : 2900, 2850, 2800 level.
Resistant : 3020, 3050, 3070 level.
Comment :
Profit taking FCPO eased lower after recorded new high with lower volume transaction traded. Daily chart formed a doji bar candle doing pullback correction as price over extended upward with the reading call for a correction range bound upside biased market.
When to buy : buy at support and 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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