FOREIGN SELLING PRESSURE
The market continued to face pressure from the 1,345 point resistance area and declined. Liquidity increased compared to the previous session, indicating that investors' profit-taking activities showed signs of increasing again and put pressure on the market, especially with strong net selling from foreign investors.The attempt to break above the 1,345 point resistance temporarily failed, and the market shifted towards a correction. A correction may continue in the next trading session, but it is expected that the market will find support in the 1,320 – 1,330 point area, thanks to the positive impact from the previous upward trend, and recover.
However, the ability to breach the 1,340 – 1,345 point resistance area has decreased; the market may experience probing movement in the 1,320 – 1,345 point area in the near future before clearer signals emerge.
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