Report

MAINTAINING THE GREEN ZONE

The market maintained its upward momentum after breaching the 1,280 – 1,285 point area, but is showing contention with a Star candlestick. Liquidity decreased compared to the previous session, but remains at a healthy level, indicating that cash flow is still attempting to support the market and seeking opportunities despite relatively high profit-taking supply.

Profit-taking pressure may continue to weigh on the market in the next trading session. However, supporting cash flow is expected to persist as the market pulls back, with the nearest support area being the 1,285 point area. Simultaneously, the market still has an opportunity to rebound and resume its course towards testing the 1,300 – 1,310 point resistance area in the near future
Provider
Viet Dragon Securities
Viet Dragon Securities

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Analysts
Phuong Nguyen

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