Monday, November 08, 2010

Fcpo wrap...strong gains yes, strong finish not


SO strong gains near 3%, trigger a RM100 gap-up and strong momentum lasted for most of the AM session, steady within 3300-3350 range. Profit take sell emerges in PM with SO off high and tech sell below 3300.

Big gains but technically weak candle. While uptrend seen intact, fcpo seems heading for pullback mode first or takes a breather, if below 3350, within 3200-3300 this week b4 attacking 3400.

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