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Long positions on VN30F2309 should be held and stop the loss when there is the closing price below 1,220 pts level (Hourly chart).

Although the stock market increases slightly again with liquidity at a normal level, the downside risk around the important resistance zone of 1,240-1,250 pts is still present. Therefore, investors should stand aside and carefully observe the next movements of the market.

Long positions on VN30F2309 should be held and stop the loss when there is the closing price below 1,220 pts level (Hourly chart).

The stock market has a 3rd loss session in the week with liquidity at a high level. This shows investors' sentiment towards the market is relatively cautious and the downside risk is still intact. Therefore, investors should stand aside and carefully observe the next movements of the market.

Long positions on VN30F2309 should be held and stop the loss when there is the closing price below 1,220 pts level (Hourly chart).

The S&P Global Vietnam Manufacturing Purchasing Managers' Index (PMI) rose to 50.5 in August 2023 from 48.7 in the prior month. This was the first increase in factory activity since February, as output, new orders, and foreign sales all returned to expansion. Overall, the PMI's return to growth in August is a welcome development for the Vietnamese economy. It suggests that the manufacturing sector is recovering and is well-positioned to contribute to the country's economic growth in the coming months.

Selling pressure intensifies again during the session with liquidity increasing suddenly, causing the VNIndex to continue encounter difficulties approaching the strong resistance zone again. That means the downside risk is still present. Therefore, investors should stand aside and carefully observe the next movements of the market.

Long positions on VN30F2309 should be held and stop the loss when there is the closing price below 1,220 pts level (Hourly chart).

The stock market losses strongly during the session due to profit-taking activities vibrancy again in the afternoon. Furthermore, the liquidity suddenly rises, indicating investors' caution sentiment as the VNIndex approaches the important resistance zone of 1,240-1,250 pts. However, the uptrend is still intact when this index closes above the 20-period moving average. Therefore, investors should stand aside and observe the next movements of the market.

The stock market losses strongly during the session due to profit-taking activities vibrancy again in the afternoon. Furthermore, the liquidity suddenly rises, indicating investors' caution sentiment as the VNIndex approaches the important resistance zone of 1,240-1,250 pts. However, the uptrend is still intact when this index closes above the 20-period moving average. Therefore, investors should stand aside and observe the next movements of the market.