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Selling pressure appears at the 1,510-pts threshold, implying the downside risk. Therefore, traders should still be careful and stay on the sidelines.

In the short term, the VNIndex closes above the neckline of the head and shoulders pattern, implying a false pattern. However, the index retests the 1,510-pts zone, the strong resistance. Therefore, traders should still be careful and stay on the sidelines.

The VNIndex closes above the neckline of the head and shoulders pattern, implying a false pattern. However, the index retests the 1,510-pts zone, the strong resistance. Therefore, traders should still be careful and stay on the sidelines.

Foreign selling pressure slowed down. Selling activity focused on Real Estate, Materials, and Consumer Staples whilst demand was mainly absorbed by Financials and Industrials. With ETF flow, outflow surged, driven by the strong divestment across on VanEck, VFMVN Diamond, and MAFM VN30.

Although there is the correction phase, the medium-term trend (uptrend) still remains. In this case, investors should reduce the current positions on leading stocks and wait for the valid signal (the range breakout or breakdown).

In the short term, the VNIndex has retested the neckline of the head and shoulders pattern. Therefore, traders should still be careful and stay on the sidelines.

In the short term, the VNIndex has retested the neckline of the head and shoulders pattern, implying the downside risk. The target price of the pattern may be around the 1,350-pts zone. Therefore, traders should still be careful and stay on the sidelines.

The VNIndex has retested the neckline of the head and shoulders pattern. However, the downside risk is still intact as the target price of the pattern may be around the 1,350-pts zone. Therefore, traders should still be careful and stay on the sidelines.

Regarding the impact of the global commodity price surge on Vietnam CPI, we estimate that the current value of Brent price could push 2022 inflation to exceed the government target of 4%, mainly through the consumption channel. However, implementing well-established tools allows the Vietnam government to mitigate external shocks proactively. To sum up, we forecast that the global commodity surge would create temporary pressure on Vietnam inflation.

Based on data as of 15 Mar 2022, we expect that foreign ETFs will sell VRE, MSN, and HPG the most with 4.2 million, 3.6 million and 3.4 million shares. On the buy-side, VND, STB, and VIC will be bought heavily with 10.0 million shares, 9.5 million shares, and 5.2 million shares.