Wednesday, December 29, 2010

Fkli wrap...going for record high....


Fbm strong from onset, banking stocks and GENTING, and finds support at 20 after failing to do so yesterday. Therefore, fresh tech bullish. Regional also strong, HS/SH recovery, +1%, from 2-day of losses after China R% hike.

Fkli’s Dec a bit sluggish, mostly near 1525 before climbing back higher after fbm closing. Jan10 more upbeat at 1533. Technically, extending yesterday’s bullish tone and fbm set to test 1530 record again before year end. Support is raised to 20 from 10.

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