Friday, July 08, 2011

Fkli wrap...positioning for breakout, 1600-1630



Poor day, strong closing. Despite favorable externals, Fbm trades mostly in -ve zone and under 90 for the day in weak tone b4 a last 5-min recovery push it back up near 90. Then, it settles in +ve zone and day’s high following a 5p jump on preclosing phase. EPF boleh!!!How convenient!!!

Regional near +1%, DJfuts +10. EU +0.3%.

Like yesterday, fkli suffers from fbm spillover weakness but manages to recover back above 90 thanks to fbm “closing show”. Therefore, it remains bullish for next week. Above 7SMA , is 1600 breakout target.

No comments:

Post a Comment