NEARING THE 1,600-POINT MARK
The market continued its upward trend and surpassed the 1,585-point resistance threshold, though the rising candle had a small body. Liquidity decreased compared to the previous session, indicating that profit-taking supply is cooling down and cash flow is still making an effort to uplift the market.The current rising candle signal shows an upward movement that is not yet decisive and is somewhat cautious; however, the market has officially moved past the 1,585-point resistance threshold.
With the advantage still leaning towards demand, the market may gradually record new highs in the near future with light alternating increases and decreases, slowly head towards the next resistance areas, such as the 1,620-point and 1,650-point areas.
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