Thursday, December 10, 2009

MarketWrap : still very weak...below 60 no buy





Did try to reach higher in early trading but 60 proved strong resistance.

Fbm snapped a 4-day losing streak,..supported at 55 but did not garner enough momentum yet to break 60. Without a very strong external, fkli fared poorly on weak technical outlook…near 50. but crawled back in late trading thanks to the wide discount with fbm.

50 support but still no strong buy signal yet – below 60 plus 7SMA cross below30SMA.


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