PACE OF GAINS DECELERATES
The market continued its uptrend but the pace of increase is slowing down and there is contestation with a Star candlestick pattern. Trading volume decreased compared to the previous session but remained at a relatively high level, indicating that cash flow is still maintaining momentum to support the market, but also showing caution as the market recorded a new high.The current contestation signal may continue to pose difficulties for the market. 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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