EFFORT TO HOLD ONTO GAINS
The market made an effort to gain points and slightly surpassed its MA(20) line, at 1,663 points. Liquidity decreased compared to the previous session, indicating that supply is temporarily not putting significant pressure on the market, but supportive cash flow remains cautious at the MA(20) area.The market is still in the process of testing its ability to stabilize at the MA(20) area. For the market to truly stabilize and have the momentum to return to an upward trend, cash flow needs to make a greater effort to absorb supply and help the market to gradually stabilize above its MA(20) line in the near future.
Conversely, if the supportive momentum of cash flow remains low and the market continues to lose the MA(20) area, the risk of further correction will increase.
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