Tuesday, August 03, 2010

Fkli wrap....weak candle but still in breakout zone








Not only fbm.fkli sharply off highs but were struggling to stay above water, from 70mark to 60 critical support mark. Fbm barely making 8-day winning streak – thanks to preclosing 4p jump.
Most mkts off highs or minus tone after steep gains on Monday…no moving news.

Fbm yet to discover its charm this week - only initial charge but lacking sustainability. After today, bulls will play defensive till regaining 70 lvl, with the last defense line at 60 before entering into sideways mkt of 50-70 range.



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