Report

FAILED RECOVERY

The market's recovery attempt was unsuccessful, and it slightly retreated into the red. Liquidity decreased compared to the previous session, indicating that supply has cooled down, but supporting cash flow remains cautious following the market's imbalance.
The resistance and caution during the recovery show that the market is still being negatively affected by the loss of the MA(50) zone and the movement away from the 1,800-point mark. Downside risks remain latent; 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 is expected to receive support as it retreats near this area, potentially leading to a technical recovery due to the supporting impact of this zone.
Provider
Viet Dragon Securities
Viet Dragon Securities

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Analysts
Phuong Nguyen

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