PERSISTENT DECLINE
The market has yet to recover and continues its downward trend following the imbalance in the previous session. Liquidity decreased compared to the previous day but remains at a fairly high level, indicating that supply remains elevated amid global uncertainties.Although the market has retreated to the MA(20) and MA(50) zone, around 1,813 points, supporting action remains quite limited. There is a possibility that the market will continue to face downward pressure as it enters the new trading session and moves into a short-term oversold state.
The next support zone is around 1,775 points, a resistance level from 2025 that the market previously surpassed. The market is expected to quickly find support upon retreating to this area and rebound to retest supply and demand.
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