REVERSED COURSE
The market found support in the 1,475 – 1,480 point area and quickly recovered, simultaneously surpassing the 1,500-point threshold. Liquidity decreased compared to the previous session, indicating that supply is cooling down after recent profit-taking activities, while supportive cash flow spread and uplifted the market.The return to an upward trend has shown that the recent breakout above the 1,475 – 1,480 point resistance area is being preserved. Concurrently, the recent upward trend is still positively impacting the market.
It's expected that the market's upward phase will extend in the near future, aiming for the next target area: the old peak from 2022, the 1,536-point area.
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