Fkli wrap...strong but off highs on profit take

Strong from onset on regional gains but profit-take at closing stage. Quiet, thin vol but roaring start taking from overnight DJ, then HS +260, Europe +0.5% and DJ +30 gains. Fbm dips below 1260 at pre-closing phase, causing late selling activities in Fkli.

Fbm.fkli maintain its steep climb since hitting the low of 1220++, closing a 2 week gap. While halting at 1260 today, a good chance for a shot at mini-top resistance near 1270, the upper red-horizontal line. A trade above 1260 is considered fresh bullish signal as this would put the mkt back above 100SMA since Feb 4

As long as the mkt stays above 1250, +ve tone prevails and if above the steep uptrend line, mkt is bullish. Support is raised to 1250 from 1240++.