Wednesday, August 18, 2010

Fcpo wrap...from bad to worse..






A continuation of selling under support lvl and no sign of stopping yet, 3 days losing streak, erasing RM108. Fcpo bulls continue to suffer for a lack of +ve external signal to offset internal tech bearishness. Buyers taking passive role.

Fcpo is yet to stabilize and still in bears grip and trading sell mode. The only consolation for bulls is 2600 support holds today. trading range is lowered to 2550-2650. Upside requires external stimulation.

No comments:

Post a Comment