MOVING FORWARD
The market continued its upward trend, gradually moving away from the 1,350 – 1,355 point area, but showed contention with a Star candlestick. Liquidity increased from the previous session, indicating improved cash flow supporting the market, but supply also increased due to short-term profit-taking.The market is showing positive signs after conquering the 1,350 – 1,355 point resistance area, yet it hasn't displayed a decisive breakout. The contention may continue into the next trading session to test the supportive momentum of cash flow.
In case of a pullback, the market will find support if it retreats to the 1,360 point area and recovers.
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