Research Center

Based on the third losing session in a row, the downside risk increases. The uptrend may be reversed as the breakout signal of the symmetrical triangle is false. Therefore, traders should be careful and reduce long positions.

Based on the second losing session in a row, the downside risk is still intact. Therefore, traders should be careful and wait for more confirmation signals.

The long-term uptrend stays dormant due to the respected 1,400 pts zone. In this case, investors should continue to hold the current positions on leading stocks and wait for more accurate signals. On the contrary, positions should be closed by half if the 1,300 pts area is pierced.

The selling pressure is still intact at the high price, implying the downside risk. Therefore, traders should be careful and wait for more confirmation signals.

The VNIndex rebounds after it retests the upper line of the symmetrical triangle pattern. That implies the uptrend. However, the downside risk is intact due to the high volatility of global markets. Therefore, traders should be careful and wait for more confirmation signals.

The VNIndex retests the upper line of the symmetrical triangle pattern. If the VNIndex closes below the line, the uptrend will be reversed. Therefore, traders should wait for the following signals.

Foreign selling activity kept increasing. Selling pressure continued to on Real Estate and Financials whilst Energy and Consumer Staples attracted the most foreign demand across the market. With ETF flow, Vietnam experienced the outflow, mainly driven by the divestment on X FTSE Vietnam and VFMVN Diamond ETF.

Despite the contraction, the short-term uptrend is intact as the VNIndex closes above the upper line of the symmetry triangle pattern. Hence, traders should hold long positions and focus on the leading sector.

Based on the gaining session, the VNIndex confirms the short-term uptrend. Hence, traders should hold long positions and focus on the leading sector.