RECOVERY EFFORT
The market continues to receive support at the 1,750 point area and made an effort to recover with a Hammer candlestick pattern. Liquidity was quite similar to the previous session, indicating that the probing state between supply and demand is still ongoing, but overall, cash flow shows supportive efforts.Although the market has not yet managed a strong gain, the supportive actions at the 1,750 point area are helping the market rebalance after recent increases and declines.
Concurrently, the current support signal may give the market an opportunity to gain points in the near future and continue the process of testing the supply pressure at the 1,800 point resistance area.
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