Friday, February 18, 2011

Fkli wrap..end of recovery...momentum for trading buy


-strong weekly closing, near major resistance lvl. Regional strong on banks and resources.

-1510-40 range next week if follow through on Mon breaks 1520 resistance, signifying a shift from recovery mode to trading buy mode target the next critical reversal resistance lvl of 1540

-a breach under 1510 could also signal a continuation of long term dwtrend, with last defence see at 1490.

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