Friday, January 14, 2011

Fkli wrap...saving energy to break 1580 next week..

- fbm maintains it sideways stance, within 60-80 this week. Cautious toward the end of the week as prices near record high after bouncing off 7SMA support,

- no fresh higher band this week for a lack of clearer external direction . A resumption of uptrend must come in the next 2-3 trading days . Otherwise, pullback mode.

- 1570 will separate the bulls and bears , with 65 and 75 as next major breakout mark next week.

- Trading above 80, if any, next week is likely to see 1600. Below 1570, sideways mkt within the two horizontal line

No comments:

Post a Comment