Wednesday, August 03, 2011

Fcpo wrap..,15-day sideways but close to breakout higher



Almost a breakout higher but not to be, probably due to weak equity sentiment or seriously waiting for MPOB stock data for July due on 10th. Hopefully not the latter as it will be a long wait….

Anyway, back to bullish play, above all short term SMAs and waiting for confirmation tomorrow with a taste of 3150-3200 range, if any.

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