Vietnam Insight

▶ Trading liquidity remained above average on Monday, despite technical issues at VNDirect related to a cyberattack. The VNIndex started the morning session with little volatility but turned sharply lower in the afternoon, falling below the 1,275-point mark.

▶ At the end of the trading session, the VN-Index fell 13.94 points (-1.09%) to 1,267.86 points; the HNX-Index fell 0.87 points (- 0.36%) to 240.81 points. Market liquidity reached VND 29.3 trillion, corresponding to approximately 1,242.5 million shares traded.

▶ Technical perspective The VNINDEX appeared with an Evening Star candlestick pattern at the key resistance zone (1,275 points), indicating a high probability that the market may correct in the near future. The RSI indicator has also shown signs of divergence since the beginning of March, which also reinforces the possibility of a market correction. In the short term, investors can observe the market's reaction at the 1,252-1,263 support zone (corresponding to EMA9 and EMA20) to determine the market trend more clearly. In the longer time frame, the market's uptrend is still maintained as the VN-Index is currently above both EMA50 and EMA100.