Vietnam Insight

▶ On Tuesday's trading session, the market cooled down after the previous sharp decline. Trading volume decreased significantly, recorded below the 20-day average, proving that investors are still cautious, waiting for clearer market signals.

▶ At the end of the trading session, VN-Index increased 2.44 points (+0.19%), reaching 1,256.56 points; HNX-Index increased 0.45 points (+0.19%), reaching 240.19 points. Market volume reached VND 21.5 trillion, equivalent to about 835.3 million shares traded. Foreign investors were net sold of VND 704.8 billion, focusing mainly on FUEVFVND, FPT, MWG.

▶ Technical perspective: VN-Index created a doji candlestick that did not change much in price compared to the previous sharp decline. After yesterday's strong selling, market sentiment will usually be cautious so VNINDEX needs time to accumulate at the 1,250 area. Upswings can be bull traps, so investors need to be careful and wait for the price base to accumulate sufficiently. The medium-term uptrend is facing challenges as the EMA has breached. Observe this support area at 1,250 to more clearly determine the market trend.

Strategy: Investors should observe and buy when upcoming bull traps may appear. Upswings are opportunities to sell violating stocks. Besides, stocks that still maintain the EMA 50 and have buy signals in the afternoon session are good wave-leading opportunities when the market recovers.