Friday, November 19, 2010

Fmkli wrap...+11 this week ...50% recovery..sidweways band



A good week for bulls, mkt manage to shake off left over selling from the previous week selloff to finish back above 1500. While still short of being bullish yet, bulls can take comfort that mkt has stabilize.

Fbm strong on MAYBANK. Regional mixed, cautious, pondering over China rate decision.

Fbm.fkli still sideways range but potentially looking for a long base with a “U” formation in mind as long as mkt stays above 1480. Above 1510 looks like a strong buy signals. .

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