UNABLE TO BREAK OUT
The market failed to extend its upward momentum due to pressure from the resistance area of 1,340 – 1,350 points and pulled back. Liquidity decreased compared to the previous session but remained at a relatively high level, indicating that cash flow showed a cautious move as the market approached the resistance area, while profit-taking supply continued.The current developments indicate that the market is still in a rebalancing process, with a trading range of 1,320 – 1,340 points, after a prolonged uptrend of many sessions. The possibility of further correction may persist, but it is expected that the market will continue to find support when it pulls back near the 1,320 point area and recover to maintain the trading range of 1,320 – 1,340 points.
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