APPROACHING THE RESISTANCE ZONE
The market continues its recovery trend after confirming support from the area near the MA(100), the market has surpassed the MA(20) line and advanced toward the 1,700 – 1,710 resistance zone. Liquidity increased compared to the previous session, showing that cash flow is striving to drive the market's upward swing.The move above the MA(20) is creating new opportunities for the market; however, the market is also at a significant resistance zone of 1,700 – 1,710 points, and the current upward impact remains heavily dependent on the VIC group, while market breadth is still quite limited. The market is expected to experience a state of fluctuation and intense struggle at the 1,700 – 1,710 area as it enters the new trading week. If the supporting effort of cash flow is maintained and green coverage spreads to more stock groups in the near future, we can expect a gradual return to the market's uptrend.
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