Vietnam Insight

▶ In Monday's session, liquidity decreased sharply, and two main indexes decreased, showing negative investor sentiment.

▶ At the end of the session, VN-Index decreased 15.55 points, equivalent to 1.27%, reaching 1,211.81 points; HNX-Index decreased 2.28 points (0.9%), reaching 250.48 points. Market liquidity reached VND 19.7 trillion, equivalent to about 844 million shares traded. Foreign investors net sell VND 479 billion, focusing mainly on VIC and VRE. 

▶ Technical perspective: The market today dropped more than 15 points, reached the MA 50 support (area 1,205) and ended the session closing at 1,211. This MA 50 area also corresponds to the relatively strong Fibo threshold of 0.5 - 0.618. It is highly likely that the market will continue to test this MA 50 area many times. If the MA 50 is broken, the market will return to the 1,180 area - the previous support. The STOCH RSI continues to move to a lower area but is still not at the bottom compared to the past, showing that the market still has room to adjust. If positive, the market will move sideways in this 1,211 area this week and will return to an uptrend next week.