Vietnam Insight

▶ On Tuesday's trading session, the market had a prosperous trading session, helping to spread the green vibe in most industry groups. Market volume improved compared to the previous session but still remained below the 20-session average.

▶ At the end of the trading session, VN-Index increased 14.05 points (+1.11%), reaching 1,281.73 points; HNX-Index increased 2.75 points (+1.13%), reaching 245.58 points. Market volume reached VND 22.06 trillion, equivalent to about 868.6 million shares traded. Foreign investors were net sold of VND 1,150.14 billion, focusing mainly on CTG, VNM, and HPG.

▶ Technical perspective: VN-Index had a trading session with volume returning to the average level and spreading to many industry groups. VN-Index once again aims to test the area of 1,280-1,300 points, the short-term peak of the index. In a positive case, if VN-Index breaks above this resistance zone, it will be a good buying signal for investors who are on the lookout. In the base case, VN-Index continues to maintain within the range of 1,230-1,280 points with a cautious mentality maintained throughout many trading sessions. VN-Index is trading above EMA20 and EMA50, showing that the main trend in the medium and long term is still an upward trend in price. 

Strategy: Investors should buy at support areas corresponding to the 1,250 area of the market if the market accumulates successfully. Consider lowering your weight if VN-Index breaks support at 1,240-1,250 points