Thursday, June 03, 2010

Fkli wrap..very keng ! ..technically bullish day


Triggered by US gains, attention shifted to US economic data from Europe debts. Regional jump towards +2% to +3%. Back home, very strong all day even after a gap up opening, eyeing 1300 since get-go. Ringgit strong in PM by +1% helped to further push mkt.

Technically, the recent dwtrend tone comes to an ends towards a consolidation phase if not another run towards 1350 top. SMAs is bullish. Trading range is raised to 1280-1310 from 1270-1300. As long as fbm is above 1285, mkt is bullish.

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