Thursday, March 04, 2010

Fkli wrap...steady despite weak externals..




Very tight range, negative tone due to regional stocks markets. As Fbm downside limited to yesterday’s lower band thus providing 1280 support for fkli on bargains acitivities.

Bulls taking same bet for another day, with bargains mode at technical support lvl yet. To be sure, mkt trend is up if it stays above 7SMA , just lacking the incentive to initiate fresh thrust. Below 7SMA would attact bears out from their caves for a 10 to 15 point trading-sell play.


No comments:

Post a Comment