Tuesday, January 05, 2010

FCPO : bullish, above 7SMA, aiming 2800..but



-no doubt bullish tone, major target 2800 to complete a “W” formation

-but short term pullback towards 2600-2650 looks more likely first, if fails again to break 2700 resistance tomorrow, after a more than RM180 gains in the last 7 days. Below 2700 seen as short term sell

-so for buying, wait at 2650 or brave yourself to buy on breakout above 27

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