Report

UNSUCCESSFUL RECOVERY

The market’s failed recovery led to a return to cautious sentiment towards the end of the trading session, while also giving a strong contestation signal with a Star candlestick pattern on the weekly timeframe. Liquidity decreased compared to the previous session but remained at a high level, indicating that profit-taking supply is still exerting pressure on the market despite support efforts from positive cash flow.
This signal may continue to pose difficulties for the market in the next trading session. However, the current correction may only be a market rebalancing and attract more supporting cash flow after a prolonged uptrend of many sessions. It is expected that the market will find support when it pulls back and has an opportunity to recover, with the support area currently being the 1,315 – 1,320 point area.
Provider
Viet Dragon Securities
Viet Dragon Securities

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Analysts
Phuong Nguyen

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