Monday, January 11, 2010

FKLI Wrap : 1cm closer to 1300...



-fbmfkli only manage small gain. Regional upbeat, +0.5%, on China after regulator says yes to index futures. A positive sign to satisfy “global” players demand/appetite. Europe also strong on commodities…gold and crude at multiple mth highs

-fkli still stuck within 1290-1300 range….intention to break above 1300 but at mom waiting for fbm to catch up first before making a decisive move. Fbm did create some positive move today – inching closer to 1300.

-technically, look at the chart….last 4 trading day sama aje! But upward-bias, above 7SMA and still waiting for a breakout higher.

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