Wednesday, April 08, 2009

FKLi : Recap 909.5/916.5/906.0/913.0/-4.5

DJ futs –78p, “stable” in negative side. Regional down 3% as focus on US 1Q reporting season trigger profit take selling. Selling is not due to bad profits warning but rather an excuse to take profits.

Cash 907.87/-12p. Cash fell 6p in the preclosing phase. Probably due to MOC sell in the blue chips…like Tenaga. I do not see any “news”. Isolated thing , I guess.

FKLI already reach short-term support already. If further weak tomorrow, the market is seen for a pullback towards the yellow line. However, sellers should watch out for rebound if 7SMA holds and 913.5 level regains (the horizontal line resistance )




No comments:

Post a Comment