TUG-OF-WAR
The market failed to gain ground and continued in a tug-of-war state around the 1,340 point area. Liquidity decreased compared to the previous session, indicating that both supply and demand were hesitant as the market fluctuated around the resistance area.The tug-of-war movement and testing of the 1,340 – 1,345 point area will continue in the next trading session. With efforts to maintain balance and positive impact from the previous upward trend, the market may still have an opportunity to break above this area after absorbing profit-taking supply.
If the 1,340 – 1,345 point area can be conquered, the market's upward trend will continue to extend.
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