BROAD-BASED RECOVERY
The market continued its recovery trend, surpassing the 1,715 level and approaching 1,730 points. Liquidity decreased compared to the previous session, indicating that supply has temporarily cooled down after two sessions of relatively strong selling, allowing cash flow to generate recovery momentum for the market.The current recovery signal may help the market continue to test its recovery potential in the next trading session. However, this rebound may temporarily be technical in nature to retest supply and demand.
The risk of encountering resistance and correcting remains latent due to the significant imbalance experienced recently; the next resistance zone to watch is 1,750 points, the MA(100) area. For the market to form a new uptrend, it will need time to absorb supply and re-establish equilibrium.
Viet Dragon Securities belongs to top 20 biggest securities companies in terms of chartered capital in Vietnam. With a qualified, dedicated and professional team, a widespread network, advanced technology, diversified products and services, and good relationship with local and foreign institutions, we provide a wide range of services and products to our clients both individuals and institutions, both local and foreign. We commit to provide our clients with promising investment opportunities and a comprehensive and professional financial investment services.
RongViet Research reports are diversified and abundant, along with in-depth analysis and performed by experienced, highly-qualified and knowledgeable teams. With the objectives of transparency, accurate and timely manner, RongViet believes that our products would always be important sources of information for customers/investors’ investment decisions.”
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.