Monday, January 31, 2011

Fkli wrap...for a change....first tech +ve in 10-day

-early selling till like 9.30am, mostly comeback activities after 1500, around 100SMA, holds as support twice this week.

-despite early fear, mkt is technically +ve today and signals readiness to bounce. First big white body candlestick in 10-day. Ultimate target is 1540+…after CNY the earliest.

-fkli is set to re-test 1520-25 resistance lvl on Wed. Must stay above major support of 1500.

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