FOREIGN SELLING PRESSURE
The market continued its uptrend but is experiencing contestation and caution with a Shooting Star candlestick pattern. Trading volume increased slightly compared to the previous session, indicating that profit-taking supply is showing signs of increasing and exerting pressure as the market recorded a new high.Pressure to curb the upward momentum is showing signs of increasing as the market narrows its distance to the 1,350 point resistance area. There is a possibility that the market will consolidate or correct in the next trading session. A correction pullback (if any) may only be a market rebalancing after the recent uptrend and attract more supporting cash flow.
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