Toppish at 1240 but no serious damage. Fbm’s failure to touch 1240, spark fkli profit take after a 5-day winning streak last week. Not entirely fbm faults though, regional mostly lower in cautious tone too. Fbm slept through the whole PM session while fkli upbeat on Europe's strength.
Despite a lack of “1240 toppings”, Fkli remains a buy bet as it able to defend 1230-1234 support.
Short term bulls should get out if fbm 1230 breaks tomorrow amid the big gap between 1230 and 7SMA. Anticipating a round of profits first before a resumption of up run if pink pink line is breached. Otherwise, be patience , bulls! bears still in hibernation state.
Despite a lack of “1240 toppings”, Fkli remains a buy bet as it able to defend 1230-1234 support.
Short term bulls should get out if fbm 1230 breaks tomorrow amid the big gap between 1230 and 7SMA. Anticipating a round of profits first before a resumption of up run if pink pink line is breached. Otherwise, be patience , bulls! bears still in hibernation state.
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