CONTENTION
The market continues its cautious movement and pulled back but still found support when retreating close to the MA(20) line. Liquidity decreased compared to the previous session, despite rebalancing activities by domestic ETF funds, indicating that profit-taking supply is showing signs of cooling down after several active sessions.Although it hasn't been able to gain points, the market is still receiving support when retreating close to the MA(20) area, as shown by the lower candlestick shadows in the last 3 sessions. This supportive action could still help the market recover in the next trading session.
However, the negative impact from the recent sharp decline persists and could cause unusual volatility in the market. Concurrently, the current recovery is acting as a retest of supply before the 1,536-point resistance area.
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