RESUMING THE UPTREND
The market regained ground after 2 corrective sessions and found support near the 1,290 point area. Liquidity increased compared to the previous session, indicating that cash flow is creating supportive momentum and absorbing profit-taking supply, despite foreign investors continuing their net selling status.The upward move quickly brought the market close to the 1,316 point area, the high point before the correction; this area may create contention pressure and volatility for the market in the next trading session.
However, with the current upward momentum, the market may move past this contention area and head towards the next resistance area, the 1,320 – 1,340 point area
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