UNSUCCESSFUL RECOVERY ATTEMPT
The market received support at the 1,750 point area and made an effort to recover but has temporarily failed. Liquidity decreased compared to the previous session, indicating a probing state between supply and demand after a session with profit-taking pressure.Although the market has not yet recovered, the market's correction action is being curbed. The correction action over the last 2 sessions is a normal market activity after a relatively rapid rally and approach to the 1,800 point area.
The market needs more time to rebalance and attract additional cash flow. It is expected that the market will be supported at the 1,750 point area and have an opportunity to recover to continue the process of testing the supply pressure near the 1,800 point resistance area
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