RETESTING THE 1,200 AREA
The market continued to decline following selling pressure from last weekend but is temporarily still finding support at the 1,200 point area. Liquidity decreased compared to the previous session, indicating that supporting cash flow remains cautious ahead of investors' profit-taking and portfolio restructuring activities.Although the market continues to be supported at the 1,200 point area, recovery efforts are still quite weak. It is expected that the market will need more time to test supporting cash flow in this area; in case of overselling, the support area will be the 1,185 point area, the low from August 2024.
Currently, the market is still in the process of finding an equilibrium point after a period of strong volatility.
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