Friday, May 22, 2009

FKLI Daily: Remains positive tone


Profit taking activities were evident after market hit a fresh new high again. However, the overall immediate daily technical outlook remains positive. As for now, we look for the upside resistance at 1045.5-1050. To the downside, support is at 1022 followed by 1013.1006.5 (gap left over on 19/5/2009).