PROFIT-TAKING PRESSURE
The market failed to sustain its upward momentum and corrected after the Shooting Star caution signal in the previous session. Trading volume increased compared to the previous session, indicating that profit-taking supply continued to increase and exert pressure on the market.The current developments indicate that the market is in a correction phase after a prolonged uptrend of many sessions. This correction pullback may only be a market rebalancing and attract more supporting cash flow. It is expected that the market will find support when it pulls back and has an opportunity to recover, with the support area currently being the 1,315 – 1,320 point area.
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