FCPO Daily: Potential of bullish reversal

Unexpected bullish engulfing candle printed had helped to cushion the market downside momentum. A strong rebound signals a potential of bullish reversal. Thus, bear may take a breathe after the recent sell down and may due for consolidation in near term. As for now, we are looking for the downside support at 2149 followed by 2120-2100. To the upside, resistance is at 2320-2350