Report

FOREIGN SELLING PRESSURE

The market's upward momentum was curbed as it approached the 1,700-point area and cooled down with a Shooting Star candlestick. Liquidity increased compared to the previous session, indicating that profit-taking supply is returning as the market records new highs, especially due to the strong net selling pressure from foreign investors.
Although it is facing pressure to pull back, the market overall is maintaining balance above the 1,665-point area. Volatility and contention may continue into the next trading session, but it's expected that the market will find support at the 1,665-point area and rebound to continue its process of testing the 1,680 – 1,700-point resistance area.
Provider
Viet Dragon Securities
Viet Dragon Securities

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.

Analysts
Phuong Nguyen

Other Reports from Viet Dragon Securities

ResearchPool Subscriptions

Get the most out of your insights

Get in touch