Fkli suffered double blow, first failure to clear 50 on fbm sluggishness , then Europe’s shock came with a 1% drop on financial * in late trading pulling fkli to its lowest closing since 14 Oct.
*asset-protection scheme updates from two British lenders placed the focus firmly on the banking sector.
From +ve to –ve, the focus returns to “can 30 hold”. Yes for tomorrow on closing basis given fbm last lvl at 42. but the risk increases over time as long as it stays below 50. So, below 40, stay short or out but not long.
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