Can this be a reversal pattern ?
Thursday, January 17, 2008
4:21 pm - FKLI on a daily basis is very beautiful and with high volume.
This looks like a bottoming tail and if FKLI cannot break the low of 1429, we may see a resume of uptrend or sideway movement.
10:05 am - FKLI maybe a dead cat bounce !
However, if it breaks higher, we may go long. At this stage, maintain short position.
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