Tuesday, March 30, 2010

Fkli wrap.. trading sell mkt..more profit take seen




Despite strong external factors, fbm failed to finish above 1320. Early gains eroded on profit take among financials after 10pm. The mkt mostly stagnant thenafter, plus minus 20.

Despite early upbeat tone, Fkli sentiment sudden reversed occurred after 10.22am big selloff (not really big…about 200 lots), the only big action for the day. Despite strong regional in PM, fkli did not recover from the impact., with cautious tone all afternoon unlike previous premium stance.

Next new buy signal is 26.5 stop. As the mkt could see more profit take ahead of 1Q closing, testing short term support lvls b4 making another run. Below 20, trading sell mkt.


No comments:

Post a Comment