Market Recap - Sideways near the strong resistance zone


▶ During Thursday's trading session, liquidity decreased slightly. Divergence appears between industry groups and stocks within some large industry groups.

▶ At the end of the trading session, the VN-Index decreased slightly by 2.73 points, down (0.22%), to 1,227.31 points; HNXIndex increased 0.16 points (0.07%), reaching 234.01 points. Market liquidity reached VND 17.95 trillion, equivalent to about 840.4 million shares traded.

▶ Technical perspective: The market showed signs of correction when in the last 3 sessions the index did not change much. The STOCH RSI indicator has crossed the signal line, showing that the price momentum has weakened. The RSI indicator also reached its highest level since July 2023 and showed signs of correction. The possibility of the market correcting 10-20 points is very likely. Support and resistance levels are 1,200 and 1,250, respectively.

Phuong Nguyen

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