Report

CAUTIOUS AHEAD OF RESISTANCE

The market temporarily ended its multi-session consecutive streak of gains with strong volatility before the 1,770 point resistance area. Liquidity increased compared to the previous session, indicating that supply showed signs of sharp increase and contested with cash flow following the multi-session rally.
The strong contested action and pullback at the 1,770 point resistance area may be a signal for the end of the market's first upward wave, which started on November 12, 2025. There is a possibility that the market will undergo a correction phase for rebalancing and accumulation before forming a new upward price wave. The short-term support area to note during this correction is the 1,700 point area.
Provider
Viet Dragon Securities
Viet Dragon Securities

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Analysts
Phuong Nguyen

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