Mostly lower before crawling back in late trading buying. The mkt also saw bargain near anticipated support. It did perform more positive than yesterday probably due to mixed signals where DJ futs and European mkts show positive, albeit mildly. Gap closed. Sentiment turn intra-day positive after 4pm.Klci jumped 5p in the preclosing phase, pushing fkli to intra day high. While a strong rebound from 1030 could indicate a pause from the recent sharp losses, the downtrend is not over till it take out 7SMA or the shortterm dwtrend line.
Above 1030, don’t sell too soon. Check whether it has a chance to breakout from the resistance mentioned above.
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