Cash at 852.18/+4.22. FKLI +5p permium over cash stays for expectatiosn that cash can hit 860 tomorrow. FKLI reached 14SMA target and saw light profit taking. Cash took one small step higher, above 850 for the first time in five days.
Technically, mixed today but as long as the market maintains near 14SMA/yellow line the market is in a good position for a sustainable run up next week, if both mkt stays above 846++.
To the upside, crossover position-buy above 14SMA; targeting 866++ but take note that cash upward potential is seen limited at 860++ tomorrow.
Below 854, no buy signal tomorrow and players can engage intra-day sell, targeting 7SMA.
Technically, mixed today but as long as the market maintains near 14SMA/yellow line the market is in a good position for a sustainable run up next week, if both mkt stays above 846++.
To the upside, crossover position-buy above 14SMA; targeting 866++ but take note that cash upward potential is seen limited at 860++ tomorrow.
Below 854, no buy signal tomorrow and players can engage intra-day sell, targeting 7SMA.
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