Thursday, July 21, 2011

Two strong days


Another bull candle albeit a small one almost a hanging man, but at a high volume..the highest volume for the last two week. The immediate picture is the test of the 10d MA. It is slopping downward to act as the immediate resistance. Judging from the strength of the market the last two days with both candles closing at the top half of the candle, FBMKLCI has got the juice to get through to test the 20d MA and the 50% retracement.


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