Tuesday, March 23, 2010

Fcpo wrap....still testing 2600 resistance..no luck yet


Fcpo mostly stuck near 2580 lvl, positive range all day long but still unable to take out 2600 yet. It seems bears not giving up so easily. Trading wise, very slow and quiet. Both FCPO/SO +0.8%.

The mkt turns slightly positive today after venturing above 7SMA. Upward-bias within consolidation range ( between red lines) after a RM150 drop but yet to gather enough momentum to reverse the trend yet.

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