Mkt made sharp pullback on near term longs profit take amid technical weakness. Fbm “unreasonably” strong tone in early hours, actually created more damages thenafter with its 70’s toppish outlook and ended a 6-day-33p winning streak today. Fbm lost 3p in preclosing phase. %-loss in line with regional.
More pullback first, followed by consolidation. For directional play, the wait starts… to re-long again. Below 1260, looks good for trading sell with 1250 as the target this week…about 20p adjustment from the peak of 1273.
More pullback first, followed by consolidation. For directional play, the wait starts… to re-long again. Below 1260, looks good for trading sell with 1250 as the target this week…about 20p adjustment from the peak of 1273.
No comments:
Post a Comment