VIC GROUP ANCHORING THE MARKET
The market continued its unsuccessful recovery and declined slightly. Liquidity increased compared to the previous session but remained at a low level, indicating that supporting cash flow is still weak and only concentrated in a few stocks, such as the VIC group, to help restrain the market's decline.The ongoing resistance and caution during the recovery show that the market is still being negatively affected by the loss of the MA(50) zone and the movement away from the 1,800-point mark. Downside risks remain latent, and the market will likely need to test the supporting momentum from the 1,725-point area, the MA(100) zone, which is also near the lower boundary of the multi-month ascending channel. This area is expected to provide support and help the market achieve a technical recovery.
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