Wednesday, February 10, 2010

Fkli wrap..strong bounce...aiming to close 51-60 gap?




-4-day losing streak ends and strong bounce too, especially fbm. Both fbm.fkli recover 1/3 of losses. Fkli stays cautious all day....playing catching up with fbm.
-more upside as bulls are ready to fight off with bears at major resistance that would dictate mkt next moves afer CNY. It looks like a 40-60 trading range in the coming days. Immediate support is raised to 33 from 27. Above this lvl, bulls taking charge even though still a dwtrend mkt, indicates by the dwtrend line or 7SMA ( pink )



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