FREE

SURPASSING THE MA(200) ZONE

Last week, the VN-Index declined sharply at the start of the week, marked by a bearish gap and a wide candlestick, reflecting the shock from news related to the 48-hour negotiation deadline between the U.S. and Iran. The breakdown below the 1,650 level – coinciding with the March 9, 2026 bottom and the MA(200) – caused the index to lose momentum toward 1,750, shifting instead into a consolidation phase while attempting to rebuild a base around the MA(200). However, a strong rebound toward the end of the week helped the index reclaim this level, laying the groundwork for a potential extension of the recovery in the coming week.
Although technical conditions have somewhat improved after the early-week sell-off, the market continues to face macro-related headwinds. Escalating geopolitical tensions in the Middle East have kept Brent oil prices above USD 100 per barrel, while domestic interest rates are trending higher, increasing the equity risk premium and exerting pressure on capital flows.
In this context, the recovery is likely to face skepticism, with stronger sector divergence as only select industries maintain short-term strength. The MA(200) is expected to remain a critical support level sustaining market momentum, while the next upside target lies at the MA(20) around the 1,700 level, a key zone in determining the VN-Index’s short-term trend.