Profit taking in fbm continues. Fbm fails to impress despite strong regional for the past 2-day. These cause a tight range mkt –toppish but above 7SMA or 1180. So, neutral throughout the day and waiting for the next move higher.Fkli positive due to large discount yesterday..at par with fbm now
Fkli mostly stuck at 1180-1185, maintaining a higher tone of 1180-1200 range. Chart outlook improve slightly following today’s white candlestick body. The good thing about toppishness scenario is that the longer it stays flat, the greater force for a breakout. Think positive.
Mkt is seen “parking” near 1200 this week for a breakout next week….ideally!
Mkt is seen “parking” near 1200 this week for a breakout next week….ideally!
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