TURNING THE TIDE
Despite the market entering an oversold condition during the trading session with the index falling below the MA(20), it staged a significant recovery towards the end of the session. Trading volume increased compared to the previous session, indicating that cash flow was actively absorbing supply during the market's decline, thereby maintaining a supportive stance.The current rebound signal has helped the market preserve the support capability of the MA(20) and is also confirming the intraday support signal on March 20, 2025. While volatility may arise, these signals could generate supportive momentum and aid the market's recovery in the near future, and continue the process of testing the resistance area of 1,340 – 1,350 points. The supply and demand signals during this testing process may have a significant impact on the market's next move.
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.”
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.