Fkli strong run today, almost erased last week losses. Fbm slow, last minutes push but encouraging.- consistently above 7SMA. Four consecutive days of strong external effect finally kicked in today.While its still to early to call for a breakout higher, above 1200 this week, the mkt is seen at the upper-positive range, 70-90 and therefore significantly reduces downside risk below 1150, keeping a strong posture ahead of Sep while at the same time waiting for SMA line to curve back up for a more convincing breakout signals. Sounds very good in writing ….indeed! .
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