Monday, January 17, 2011

Fkli wrap...patience, patience, patience

-a slow but steady given weak external on SH -3% fall as government implement tighter policy to rein in inflation. Fbm not only manages to find 70-footing but also finish at day’s high. PChem strong.


-fkli traps within 70-80, +ve range but must quickily make a dash above 80 to avoid a toppish and 70 is too closed to comfort. Below 70, is no good news for bulls, targeting a pullback towards 50-60 range.

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