After initial hours of weakness, most mkts brushed off DJ losses on Fri and rebounded strongly in PM lead by China.
DJ futs and Europe also lend a hand in late Asian hours. Market is counting on Apple to initiate bullish momentum this week.
Fbm/fkli did not come near to major support lvl. Fbm was resilient from get-go, no sellers, kwailow buying while fkli turned intra-day positive after regaining 1260.
The “consensus” or “mentality” now is that we will see 1300 this month, with weakness seen as bargain opportunity So, active sellers are likely to hibernate till then, making upside run easier…. T&C barring any major setbacks.
Selling only for intra-day trading, like below 1260.
No comments:
Post a Comment