Monday, December 13, 2010

Fkli wrap...survive selling pressure on CIMB...



Fbm manages to recoup Fri’s preclosing gap-dw but only for the first 5 mins as selling in CIMB continues, dragging fbm all day long. Fkli manage to steady tks to external +ve. SH +3%, HS +1%. But because of two conflicting signals, fkli seesaws within 1510-14 in a quiet day.

Technically , 1510-20 is neutral to dwward-bias as fbm.fkli are under the immediate red line resistance lvl. Upside potential remains intact if mkts above 7SMA. . Will selling in CIMB continues ?

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