As mentioned in previous reports, foreign investors are still buying strongly in many stocks which made a clear differentiation in the market today. However, the selling pressure is somewhat overwhelming and both 02 indices have corrected when reached their strong resistances around 600 pts and 87 pts. Notably, the market breadth was quite negative and the volume surged up sharply, these are alarming signs of distribution and short-term trend reversal. Therefore, our market view during this stage is to limit opening new long positions and reduce the stock portfolio to safe ratio due to rising risks.
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