Thursday, June 09, 2011

Fcpo wrap.. a huge RM100 sellstop drop..






One event sellstop under 3300, reaching all the way to 3213 in late PM session. Aug11 stuck under 3300 and mostly 3370-90 thereafter. Earlier, cautious but mostly in +ve territory for most the day.

Fresh tech –ves today, making fresh leg dw more likely next week but should stays near 3300 on profit take buy ahead of the weekend. Further weakness is likely to attract kwailow funds on a possible bearish closing under 200SMA.

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