Thursday, December 09, 2010

Fcpo wrap...profit take continues..



Tired ? Gap-up opening but defensive all day. SO , +2% fails to inspire fcpo today after breaking its winning streak yesterday. Sideways, 3610-30 for most of the day till the last mins sell off.
Profit take dominates but no major disruption to its uptrend outlook, if above 3550 this week. Fresh upward momentum seen if > 3650, especially next week. Tomorrow, profit take tone too.

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