Report

UNSUCCESSFUL RECOVERY

The support provided by the MA(20) was insufficient to propel the market back toward the 1,700–1,715 range; instead, the index continued to weaken and breached this level. Persistently declining liquidity suggests that a cautious sentiment remains dominant, as fresh capital is reluctant to re-enter amidst concerns regarding recent statements from the White House. Four consecutive sessions of decline have pushed the index close to the MA(200)—a crucial support zone since the sell-off on March 23, 2026. Consequently, the market's reaction at the MA(200) in the upcoming session will be decisive for the short-term trend. If this support holds, the index still stands a chance to restart its recovery after retesting the breakout point. Conversely, the low of the March 23, 2026 session will serve as the next support milestone.
Provider
Viet Dragon Securities
Viet Dragon Securities

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Analysts
Phuong Nguyen

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