Still toppish but no fresh sell technical signal with the mkt staying aobve14SMA, the immediate support after breaking 7SMA yesterday. Bargain buying holds the mkt after 30p drop recently but a lack of +ve external to spark follow through.
One thing for sure, fkli is very upbeat on future fbm performance given its consistent premium stance.
Technically, not much at all today. Still a trading sell mkt but lack of a fresh sell call if it stays above 1300. But it needs to break above 7SMA to convince bulls that 1/3 lvl is the end of recent pullback. Otherwise, dwside risk is greater.
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