Tuesday, November 09, 2010

Fcpo wrap....powerful.....3400 already ?..


Thanks to firmer early momentum, fcpo escapes follow through weakness, mostly steady within 3320-30. But sentiment turns fresh bullish after fbm closing at record high lvl.. Prices renew year high at 5.40pm, dwarfing SO gains on tech buy and cut loss selling.

Pullback did not materialize, instead at top range. Back to bullish play. Above 3350 is very bullish, targeting 3400. Support is raised to 3300.

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