Tuesday, January 6, 2009

FKLI Daily: 2009 the year of bull?


Market welcomes the year of bull with violated the immediate resistance at 910-927. A continuous long white candle printed has shifted our view to bullish in near term market. As for now, we look for the upside resistance at 931-944 (gap left over since 15/10/2008). Downside support is pegged at 903.5-901 (gap left over on 5/1/2009) followed by 879.5-875.5.