COOLING DOWN BEFORE THE 1,850 THRESHOLD
Over the past week, the market recorded positive price action, surpassing the 1,750 zone (the weekly MA(20)) and breaking through the 1,800 psychological threshold. The story of the FTSE market upgrade continues to be a key catalyst in this rally, while the positive performance of the US stock market has also played a role in bolstering general sentiment across emerging markets, including Vietnam.However, liquidity remained relatively low last week, indicating that cash flow is still cautious and concentrated only in specific stocks. The weekly candlestick shadow near the 1,850 level also signals that the market may face conflicting pressure and experience volatility to retest the 1,800 psychological mark before challenging the 1,850 resistance.
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