Report

UNSUCCESSFUL RECOVERY

The market failed to recover, continued to be under pressure to retreat and returned to the 1,243 points area. Liquidity increased compared to the previous session, showing that profit-taking supply had increased. The current bearish candle shows that the market is still cautious under pressure from the MA(20) area.

Currently, the market's decline may continue when entering the next trading session and put the market into the short-term oversold area, below 1,243 points. However, it is expected that the market will quickly be supported and return to the area of 1,243 - 1,253 points to continue the process of exploring supply and demand before having more specific signals.
Provider
Viet Dragon Securities
Viet Dragon Securities

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Analysts
Phuong Nguyen

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