MAINTAINING THE UPWARD MOMENTUM
Although the market experienced a cautious and pulled-back opening, it quickly rebounded and stepped past the 1,750 – 1,760 point resistance area. Liquidity increased compared to the previous session, indicating that cash flow is still making an effort to support the market, and supply is temporarily not putting significant pressure on the market.The current gain signal shows that the market continues to consolidate its gaining trend, and liquidity has also improved significantly. The possibility of pullbacks may emerge in the next trading session, but it is expected that the 1,750 – 1,760 point area will provide supportive momentum for the market and could help the market continue its upward trend in the short term.
The next resistance area the market may aim for is the 1,800 point area.
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