Market arguably the latest development likely to be less intense than actual feared. Market have adapt US-China tariff war with quick rebound on yesterday.
FKLI found support at 50% retracement level 1781 (left chart) and coincidentally projection of down swing at 1782 (right chart). FKLI quickly rebound following regional sentiment like Dow & Hang Seng during Intraday.
The current rebound is likely to continue, up swing projection on the right chart, if price above 1791.5, next impulsive size at 1798.5. This price level was near to previous high. With Nikkei up, FKLI likely to open high and rebound higher.
FKLI found support at 50% retracement level 1781 (left chart) and coincidentally projection of down swing at 1782 (right chart). FKLI quickly rebound following regional sentiment like Dow & Hang Seng during Intraday.
The current rebound is likely to continue, up swing projection on the right chart, if price above 1791.5, next impulsive size at 1798.5. This price level was near to previous high. With Nikkei up, FKLI likely to open high and rebound higher.
