UNSUCCESSFUL BREAKOUT
The market made an effort to test the 1,690 – 1,700-point resistance area but was temporarily unsuccessful and cooled down. Liquidity increased compared to the previous session, indicating that profit-taking supply is still putting significant pressure at the resistance area, especially due to the net selling pressure from foreign investors.Although it has lost momentum at the resistance area, the market overall has maintained its balance and preserved its recovery efforts in recent sessions. It's expected that the market will continue to test the 1,690 – 1,700-point resistance area in the next trading session. If it can break above this area, the market will continue to have an opportunity to extend its upward phase.
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