Wednesday, February 24, 2010

Fkli wrap....solid thanks to CIMB






Fbm take out 1270 resistance when u least expect. Financials stock up on feel good factor from CIMB. Regional mostly lower, except SH. DJ futs and Europe flat.

-despitee early cautiouness, fkli eventually reaches 1270 after fbm sustains above 1270 for a long time despite profit taking activities. Sharply higher from it early trading lvl on DJ overnight losses. fkli see support at 1270, thanks to short-roll activities, just like yesterday. Kwailow more incline to hold short postion.
-technically, still making attempt to reversal short-term trend to bullish. Breaking free from 1270! Immediate support is raised to 60 from 50.

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