Weak AM, steady in PM. Not much really. Net, still negative-bias. Fbm weakness continues to cause more damage for fkli bulls, reinforcing 1280-1310 trading band next week.
External mostly up but fbm not taking cue. While mostly range bound, fbm performance under 1300 triggered fkli selling before bouncing off 21SMAs support
The mkt is at 1/3 adjustment support . But if weakness continues on Monday it could wipe out another 20p next week before serious bargain activity set in. To refresh bulls, the mkt must at least take out 7/14 SMAs. In the meantime, a sell mkt.
External mostly up but fbm not taking cue. While mostly range bound, fbm performance under 1300 triggered fkli selling before bouncing off 21SMAs support
The mkt is at 1/3 adjustment support . But if weakness continues on Monday it could wipe out another 20p next week before serious bargain activity set in. To refresh bulls, the mkt must at least take out 7/14 SMAs. In the meantime, a sell mkt.
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