Report

EXTENDED CORRECTION

The market continued its downward trend and abandoned the MA(50) zone at 1,782 points. Liquidity increased compared to the previous session, indicating that supply has risen significantly and pressured the market after several unsuccessful recovery attempts.
The loss of the MA(50) zone, combined with moving further away from the 1,800-point mark, has pushed the market into a risk zone, and the corrective movement may extend in the near future. The next support zone is at 1,725 points, the MA(100) area, which is also near the lower boundary of the multi-month ascending channel. The market's decline is expected to be restrained as it retreats toward this area, potentially leading to a technical recovery due to the support impact from this zone
Provider
Viet Dragon Securities
Viet Dragon Securities

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Analysts
Phuong Nguyen

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