Friday, September 18, 2009

MarketWrap : anticipating bull run after Raya break.


After pausing for most of the day, Fbm closed at year-high on buying after 4.30 pm This help fkli to recapture 1220 lvl but activities were slow. Second lowest daily turnover this year.

The mkt is still on course towards 1240, the next major hurdle before 1300. Given the steady-and-calm rise, the risk of a sharp pullback is small with 7SMA as a solid support for any first down pressure.




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