SURPASSING THE RESISTANCE AREA
The market continued to gain points and surpassed the 1,665-point resistance area but with decreasing liquidity. The liquidity decrease compared to the previous session shows that cash flow is still making an effort to uplift the market but is only concentrated in a few groups of stocks.Although the upward signal is not yet convincing and the gains are not widespread, the market has still broken above the 1,665-point resistance area.
Concurrently, the previous upward trend is still positively influencing the market, so the market still has an opportunity to extend its upward phase before a concrete resistance signal appears.
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