Tuesday, February 08, 2011

Fkli wrap....short term profit take sell pressure again

-not an easy route but still strong potential to see 1540-50 ….maybe nearing weekend.

-fkli remains discount mode despite back above 1520 lvl. Partly, profit taking after a rebound from 1500 and technician likely to wait for a reversal first, above 1550. No major tech buy signals, with short term SMA in a horizontal formation

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