Friday, May 14, 2010

Fkli wrap...losses but actually very resillient...





Fbm outperformed peers and manage to stay near 1340 despite -1% regional, weaker Europe opening, -1% and DJ -60. Fbm tight range. Fkli fell less following yesterday dis already. Negative tone but did not breach significant support lvl, likes SMAs.

Technically, still upwad-bais is above SMAs but need to reclaim at elast 40 if not 45 b4 fresh bulls momentum. Otherwise, below 40 is defensive play.


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