Tuesday, June 28, 2011

fkli wrap.. ready to test year high....again..sugar rush!



Fbm strong on CIMB all day and MSM feel good, +40%. Fbm only hit 70 on preclosing 2p jump. Tech breakout scenario, reversing recent toppish outlook. Unless external tumbles tonight, fbm is seen renewing year high of 1576+ by mth end.

Regional flat, off early highs. Still, cautious on Greek next development. EU +0.5% Djfuts mixed tone, -20 in late hours.

Fkli looking good for 60-80 after all this week. Upward bias tone if >65. Bullish if >70… but 1600 this week…..too much lah!!!

Fkli “thinly “ traded today. Less than 2000 lots in each mth. 90% from roll activities. Kwailow seems taking +ve stance as 1H11 ends, at least in SEA….maybe for the fact that long term chart outlook still uptrend

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