Bollinger band reading : pullback correction upside biased.
MACD Histrogram : getting higher, buyer in charge.
Support : 3920, 3900, 3850 level.
Resistance : 3950, 4000, 4070 level.
Comment :
Hit new 3 year high again FCPO closed recorded small loss with blooming volume participation after export data released shows significant improvement and MPOB official data release a lower stock level while soy oil traded lower after overnight price closed higher.
Daily chart formed an down doji bar candle with lower shadow corrected downward from upper Bollinger band level with the reading call for a pullback correction range bound upside 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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