Thursday, February 17, 2011

Fcpo wrap...RM80 bounce in last 10 mins...more bounce

-major bounce after 5.50pm after mostly follow through pressure in AM and tech breakdw under 3700 in PM session when SO dips into –ve territory. But manage to recover most losses.

-late bounce today signifies mkt readiness to take profit and unlikely event to take out major support of 3610-20 this week. With more bounce towards 7SMA first.

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