Fbm really did fkli bulls proud today. Tech +ve crossing and strong follow through in PM, hitting fresh year high. Regional also strong on DJ/Europe overnight gains. Financials and energy stocks strong.
Fbm saw strong momentum above 40, dragging a reluctant fkli along. Fbm +10p for the week.
Mkt is back to recent highs again, so another attempt to breakout of 50 is expected. If so, mkt is likely to make a fresh trend, after pausing for a month, towards 1370 first . Maybe 1330-1400 range in coming weeks. But first must cross above 50 and chances are good. Fbm must get further boost from 1Q earnings report. Uptrend if above 31SMA ( green line)
No comments:
Post a Comment