Monday, February 28, 2011

Fkli wrap...off lows but bearish stays ...


Fbm early selloff casts dark all day long. Fbm hit low in early 15 mins of trading on selling in CIMB after annoucing lower dividend
Prices bounce off lows, thereafter, on the back of stroger regional tone, HS +330. But recent big drop still haunts retail players. Mar11 takes big discount tone.
Above 1480 is +ve, aiming for more recovery, 1480-1500 range play. A breach of 1480 support tomorrow could lead to fresh trading range of 1450-1500 in early March.
Below 7SMA is bear market

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