Monday, November 22, 2010

Fkli wrap....higher but lackluster


Fbm.fkli fail to sustain an early attempt to cross above 1510 and finish near day’s low. While regional mostly higher, cautious tone dominates after Hong Kong, HS -80, raises property tax following China +0.5% bank reserve hike last Fri.

Fkli upward bias but sideways stance till fbm > 1510. 1495-1500 seen as strong support this week.

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