Vietnam Insight

▶ In Wednesday's session, liquidity decreased sharply and two main indexes increased, showing cautious  investor sentiment.

▶ At the end of the session, VN-Index increased 10.57 points, equivalent to 0.95%, reaching 1,128.6 points; HNX-Index increased 3.52 points (1.55%), reaching 230.2 points. Market liquidity reached VND 14.09 trillion, equivalent to about 681 million shares traded. Foreign investors net buy VND 189 billion, focusing mainly on DGC and SSI. 

▶ Technical perspective: VNINDEX opened the morning session at MA 200 and increased again most of the time afterward. With a sharp decline from the peak of 1,250, increasing sessions need to be more cautious because the market has not accumulated enough to be able to increase immediately again. The STOCH RSI indicator is still quite weak, the previous support area of 1,150 corresponding to Fibo 0.5-0.618 was breached previously, showing that the main trend of the market is still down. Current reference support and resistance are 1,100 and 1,150-1,160.