Momentum turn from neutral to slight weakness...
Major Support at 150x-3x still holds, albeit weekly close below ema100 (~158x area)
❇️Fundamentals:
❇️Interested in initiating Positional Shorts on FKLI should:
1) Upon failing of S1 zone, 2) COVID worsen, 3) Tightening on MCO3.0 SOP
Happy Hunting! Stay Safe! ⭐️
-JK-
Major Support at 150x-3x still holds, albeit weekly close below ema100 (~158x area)
❇️Fundamentals:
- Market sentiment likely dragged down by deteriorating COVID situations, both nationwide & worldwide.
- Q2 GDP figure unlikely to be favorable (despite mainstream media bullish projections)
- Commodities price spike + money printing: Inflationary pressure will continue to add to households burden & current economic woes.
❇️Interested in initiating Positional Shorts on FKLI should:
1) Upon failing of S1 zone, 2) COVID worsen, 3) Tightening on MCO3.0 SOP
Happy Hunting! Stay Safe! ⭐️
-JK-
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.