Friday, February 12, 2010

Fkli wrap..profit take selling ahead of holiday..wide discount




-holiday mood, very ligh vol. Despite positive external, fkli remains weak today for a lack of buyer due to long holidays. Profit take pressure in late trading. Wide discount, will catch up with fbm after CNY. Fbm firm above 1250 today and up 5 point on weekly basis

-technically, a mild setback today but not major negative event, still at positive territory, above 7SMA. Next strong buy signal is when fkli crosses above 1252. Immediate support is raised to 1240. Below, back to trading sell but within a consolidation phase.


No comments:

Post a Comment