Monday, November 15, 2010

Fkli wrap...mild recovery..but -ve tone remains



Still suffering from last Fri’s selldw hangover. Sell on strength tone. Fbm steady near 1500 but fkli prefers discount and mostly 1495+ Good news for bulls , no follow through signal today but out of the wood yet, defensive and likely sideways this week.

Regional mixed but no supply of +ve news, purely recovery mode after a big selloff.

Below 1500, targeting is 1480-1500 range. Must cross back above 1510 to negate last week ending bearish tone.

No comments:

Post a Comment