Monday, March 08, 2010

Fkli wrap... strong follow through...40p in 2 day






Another day with big surprises to the upside. Two day of strong gains and technically still bullish with no weakness yet. Two bluechips PB , CIMB, alone contributed a ttl of 11 out of 24 gains in fbmklci. Sentiment bullish all day long. Profit take selling emerged after 4pm, but mkt was supported. Market erased PM gains.
the current momentum can target 1314.5-1348 gap closing if it stays above 1320 tomorrow. Immediate support is raised to 1320 from 1300. Below 1320, would probably ignite profit take activities.
Thr mkt needs to regain 1325 tomorrow for next round of buying

No comments:

Post a Comment