RED COLOR OVERWHELMS
The market continued its downward trend after losing balance around the 1,818 level, a confluence zone of the MA(20) and MA(50). Trading volume declined compared to the previous session, indicating that buying support remains relatively weak against persistent selling pressure. The rapid decline has pushed the index slightly below the 1,775 level, a resistance area from 2025 that the market had previously broken above. This development signals a risk of an extended correction phase.The nearest support lies around the 1,750 level, which served as a support zone in February 2026 and also coincides with the MA(100) and the weekly MA(20). This area is expected to provide some support to the market. However, a meaningful rebound would likely require a clearer improvement in buying demand and capital inflows.
From a momentum indicators remain in neutral territory and have yet to reach oversold levels. Therefore, further observation of the VN-Index around the 1,750 support level is necessary to identify potential early signs of a market reversal in the coming week.
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