ZLBT Chats

Wednesday, June 2, 2010

FKLI @12.45pm 02/06/10

The Bearish Engulfer
FKLI June formed a Bearish Engulfer with yesterday close @1272.5.
Ironically it opened above low and turned green
This could be a bear trap
For FKLI to make further progress, the prices must close above the RED BEAR opening of yesterda.
Otherwise it will happen like previous day where a selldown will occur as the lack of buying volume hinder any upside
Sell AT Resistance

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