Friday, April 09, 2010

Fkli wrap...ready for next run up again ? 40-80






Fbm flirted near intra day highs all day but finished near low after a 3p drop in the perclosing. PETGAS, GENTING. Fkli took an upbeat tone, slightly ahead of fbm afer fbm found support at 32.


After a 1/3 pullback on thu, mkt seems ready ( already), creating a springboard for the next jump with today's closing. Especially if fbm can break 40 next week. This would push the mkt to a newer upper range of 40-80 from 20-50. This trend is likely to continue if mkt above 30 or 14SMa ( yellow). Above 50, is fresh bullish tone.

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