Market commentary 2026/10/20: Selling pressure remained evident

The market declined alongside higher trading liquidity, indicating that selling pressure remained elevated and buying demand was insufficient to support the indices. However, the VNIndex is approaching its 10-session moving average (MA10), a key technical level in the short term. A break above this average, accompanied by stronger liquidity, could strengthen the potential for a trend reversal. Nevertheless, further confirmation from price action and trading flows is needed to assess the market's direction.