Report

RETREAT

The market continued cautious price action and faced pullback pressure. Liquidity decreased compared to the previous session, indicating that although selling pressure has not caused much strain, supportive cash flow is cautious following the recovery from the 1,600 point area.
The market's potential to widen the recovery bounce is facing difficulty due to low buying demand, leading the market to retest the 1,620 – 1,640 point support area. This area may attract additional supportive cash flow and could help the market recover.
However, if the recovery effort remains weak and supportive cash flow is overwhelmed by supply, the market will face the risk of continued weakening after losing the 1,620 – 1,640 point support 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.

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Analysts
Phuong Nguyen

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