New 2009 lows tomorrow? Definitely a bearish day that altered chart outlook. Adjustments made. Please refer to above.
However, today’s sharp drop immediately put both cash and FKLI at strong support level or the lower end of the recent trading band. If this support does not break, the mkt may rebound first.
However, today’s sharp drop immediately put both cash and FKLI at strong support level or the lower end of the recent trading band. If this support does not break, the mkt may rebound first.
Trading buy if recovers above 870, targeting the upside arrow range.
Sell on weakness below 858, targeting 830 ( the dwside arrow range) in the coming days. Cash below 867 is also a fresh sell call
Sell on weakness below 858, targeting 830 ( the dwside arrow range) in the coming days. Cash below 867 is also a fresh sell call
So the figure to watch out is 858 and 880 if DJ turns positive tonight.
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