Wednesday, July 14, 2010

Fkli wrap....1350 a stone throw away..5-day streak,,,




Again, fkli was frustrated with fbm veeery slow pace. Looks a bit over stretch but tech remains bullish, in fact a breakout today both fbm.fkli. Therefore, 1350 still a visible target before a pullback.

Prices higher across the board, thanks to INTEL. Reigonal +1%. NK +3%on better GDP forecast. Europe mixed start Wed but DJ points to bullish tone tonight, +60.

Immediate support is raised to 1340. Below is a sign for 15-20p pullback. but likely to maintains uptrend tone...so trading sell, position buy.

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