Vietnam Insight

▶ On the Tuesday's trading session, the liquidity improved significantly, breaking a streak of 5 consecutive trading sessions lower than the 20-day average. The green color spread in the afternoon session, helping the market reverse after being affected by negative news in the morning session.

▶ At the end of the trading session, VN-Index increased 5.52 points (+0.43%), reaching 1,287.04 points; HNX-Index increased 3.01 points (+1.24%), reaching 245.90 points. Market liquidity reached 27.5 trillion VND, equivalent to about 1,087.7 million shares traded. Foreign investors net sold 736.7 billion VND, focusing mainly on STB, VCI, and SSI.

▶ VN-Index decreased from the opening morning session but ended the session increasing at the highest level of the day. VN-Index continues to retest the MA 20 support and is still oscillating slightly up in the range of 1270 - 1285. The main trend is still up but the Stoch RSI is still cutting down the signal line, showing that price momentum still have not improved much. Reviewing short-term support at 1,265 – corresponding EMA 20 and next resistance at 1,300 and 1,400.

Strategy: Investors can hold the stock because the uptrend is still holding. In addition, to be safe, investors can take partial profits.