Mkt finally take leads from Europe mkt, the top performer this week. Fbm rose above 60 after another sluggish start. Fbm move was aggravated by buystops at 61.5, 63.0 and 65.0. I think all together about 800 lots. A wake up call after a long sleep.
Fkli ends a 3-day losing streak and at week high. Technically, +ve sign emerging, 7SMA crossing above 14SMA. This could lead to more +ve move in the coming days – to reverse current sideways to a higher mkt tone. If there would be a strong mkt in Jan10, this could be the starting point.
Bears should really watch out if 7SMA can cross above 30SMA ( green line ) or a finish above 70. These two scenario are bullish sign.
No comments:
Post a Comment