Friday, May 21, 2010

Fcpo wrap...drag higher by spot and weak RM


Actually a very quiet day, mostly higher despite early weakness as strong spot mth and weaker RM encouraged follow through.

Mkt is up RM35 for the week after surviving 2400 support test. It is back to 2500. From here, expect tug of war as mkt reaches short term resistance lvl, around short term SMAs.
But upward-bias if above 7SMA.

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