FKLI hit new low but managed to recover strongly in late trading following strong gains in Europe opening. (+2%) and therefore prevented a bearish closing. 830-835 band support stayed today in quiet day. Mostlly range bound within Fri's zone.Cash mkt continus to underperform causing FKLI to balance near major support lvl and lacking upside momentum. As long as both mkt trades below 7SMA line, its still a downward-bias mkt. But right now, no major selldown scenario yet > above 830.
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