Friday, March 05, 2010

FCPO wrap...Fri's profit take..+RM75 for the week..


It failed to capitalize on stocks sentiment to revisit 2700 in the afternoon. Instead, profit selling took over but not damage done amid bargains activities at support lvl. To be sure, the mkt overperformed soyoil again, especially in the AM session.

May08 mostly near 2670-2680 range, not wanting to take out 2700 yet. Maybe next week for attempt at 2726’s year high. but first it must breakout above 2686 and remains above 2662. A break below would more profit take towards 7SMA.


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