Wednesday, November 5, 2008

FKLI Daily: losing strength


Market momentum looks losing a little strength as market close near to day low. A straight 5 days rallied did helped to improve the immediate technical landscape. However, it was not enough as more buying support is needed to stay out from the mid-term downtrend line. For now, we look for the upside resistance at 931-944 (gap left over since 15 Oct, 2008). Downside support is at 888.