Wednesday, January 7, 2009

FCPO Daily: Straight 7 days rally


Market covered the full gap at 1902-1934 and surged to close RM 1 off the day high. Upward momentum remains strong and firm. Nevertheless, bear in mind that the possible of healthy correction may comes in as market has been extended to its seventh day rallied. We now looking the upside resistance at 2020-2039. Downside support is pegged at 1748-1725.