Monday, 7 March 2011

Fortune Real Estate stock

TECHNICAL OUTLOOK
Fortune Real Estate Inv Trust HKD technically looks bullish on both the short term and long term graph as
it was closed above its 50 day MA level of 4.009 @ 4.010, up by 2.82%.
Fortune Real Estate having strong Resistance @ its 4.010 level and we suppose that above this level one
can take long position for 4.04-4.08-4.12.
FTR having support @ 3.95 levels and below this 3.88-3.84 will be the major support zone for the scrip.
Technical indicators are looking bullish on charts, MACD expected to give bullish sign on daily Graph.

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