PROBING MOVES
The market continued its correction with small candlestick and is currently retesting the support area of 1,320 points, near the MA(20) line. Liquidity decreased compared to the previous session, indicating that cash flow showed cautious and probing moves during the session with ETF restructuring activities, but overall, supply also showed signs of easing.Despite the lackluster performance, the market is still receiving support at the 1,320 point area after testing the support capability of the MA(20) line in the previous session. This signal may still help the market recover in the near future and continue the process of testing the resistance area of 1,340 – 1,350 points. The supply and demand signals during this testing process may have a significant impact on the market's next move.
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