Report

HIGH VOLATILITY

The market continued its upward trend but experienced strong volatility with a Doji Star candlestick. Liquidity reached a new record high, indicating that profit-taking supply continues to be strong as the market rapidly advanced, leading to intense contention with supportive cash flow.
Although there was a positive price increase, the Doji Star signal showed strong resistance pressure around the old peak, the 1,560-point area. The strong resistance pressure and unusual price action suggest that the market's ability to resume its upward trend is facing difficulties. It's expected that the market will need more time to form a balance base before continuing to test this possibility.
The support area is the MA(20) area, around 1,500 points.
Provider
Viet Dragon Securities
Viet Dragon Securities

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Analysts
Phuong Nguyen

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