Like yesterday, another preclosing push….this time +7p after a very quiet day. Probably the mkt failed move during the day because the retails were quiet while the big boys, which usually do late buying as a strategy, exaggerated the move. Fkli stayed mostly at the lower ranges of "60-65 positive band" before recapturing the higher end after 4.50pm on you guess it, fbm’s push.
Getting on bears nerves....can relax if 70 remains as a resistance as SMA yet to crosses up.
No comments:
Post a Comment