TESTING RESISTANCE AREA
The market continued its upward movement and once again tested the 1,345 – 1,350 point resistance area. Liquidity increased compared to the previous session, indicating that cash flow's uplifting efforts improved and are showing signs of absorbing profit-taking supply.Although there are quite good upward signals, the market still lacks decisive action in breaking above resistance. It's expected that the market will continue to test the 1,345 - 1,350 point resistance area in the next trading session.
Supply and demand signals at this resistance area will significantly impact the market's next move. If the market can decisively break above this resistance area with good liquidity, the previous upward trend will continue to extend.
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