Bollinger band reading : correction range bound upside biased.
MACD Histrogram : weakening, buyer taking profit.
Support : 2900, 2850, 2800 level.
Resistant : 2930, 2970, 3020 level.
Comment :
Rebounding higher soy oil futures price lead FCPO to trade higher recorded gain recovered partial of yesterday losses with little higher volume transaction after market opened gap up and traded side way range bound with a 25 points range market. Daily chart formed the third doji bar candle seems facing difficulties to determine its direction as the reading still suggesting a correction range bound upside biased market testing support and resistant level.
When to buy : buy at support and weakness with quick cut loss and profit target.
When to sell : sell at resistant or strength with quick cut loss and profit target.
No comments:
Post a Comment