Friday, July 16, 2010

Fcpo wrap..super bull +RM149 or 6% this week..



Another big run today, 7 day winning streak,+RM200. From 2300 to 2450. Tech buy was the main force this week, with the help of low end-stock data . (-7% in July mtm)

Overbought but remains very strong. Fcpo could aim for 2500 before a pullback. Sell on weakness., < 2440, targeting 7SMA support lvl. While pullback, mkt is likely to remain uptrend in the coming weeks.

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