CORRECTION
The market continued to face resistance in the 1,330 point area and corrected after a period of contention. Liquidity increased compared to the previous session, indicating that profit-taking supply is still putting pressure on the market, and cash flow is somewhat losing momentum in uplifting the market.With resistance pressure still present and the market retreating below the 1,320 point threshold, a correction may occur in the next trading session with the aim of retesting supportive cash flow in the 1,300 point area.
It is expected that the 1,300 point area will still provide supportive impact and help the market recover to continue the process of probing the 1,320 – 1,340 point resistance area in the near future.
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