Report

COOLING DOWN

The market remains in contention around the previous peak area of 1,305 points, exhibiting a small-bodied bearish candlestick. Liquidity decreased compared to the previous session, but remains at a relatively high level, indicating that supporting cash flow is temporarily cooling down and profit-taking supply is still exerting pressure on the market.

This signal may create pullback pressure for the market in the next trading session. However, this development may only be a corrective move to attract further supporting cash flow, with the 1,295 – 1,300 point area expected to provide support and cushion the market. If the supporting effort of cash flow remains at a strong level, the market still has an opportunity to resume its uptrend
Provider
Viet Dragon Securities
Viet Dragon Securities

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Analysts
Phuong Nguyen

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