STAYING IN THE GREEN
The market continued its recovery trend after recording support signals at the 1,800-point zone in the previous session. Liquidity increased compared to the previous session, showing that cash flow has increased its activity to bolster the market, though it remains temporary cautious toward supply at higher price levels.The 1,800-point zone, the lower boundary of the short-term uptrend channel, has performed its support role well and facilitated a market recovery. However, this recovery movement may still be limited as the market has yet to establish a balance zone after losing the MA(20), and is currently characterized by supply and demand probing.
For the market to transition positively in the future, it still needs time to establish a new accumulation base above the 1,800-point level.
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