Vietnam Insight

▶ On Wednesday's trading session, the market was mixed among industry groups. Although buyers and sellers struggled throughout the trading session, the recorded low volume showed investors' cautious sentiment as the market index approached the threshold of 1250.

▶ At the end of the trading session, the VN-Index decreased by 0.16 points (-0.01%), reaching 1,241.97 points; the HNX-Index decreased by 0.61 points (-0.27%), reaching 223.09 points. Market volume reached VND 11.35 trillion, equivalent to about 428.8 million shares traded. Foreign investors balance recorded net purchase of VND 339.18 billion, mainly concentrated in FPT, MSN, TCB.

▶ Technical perspective: The market formed a doji candle with low liquidity, showing the balance of supply and demand after the recovery process of the past 5 sessions, showing that both buyers and sellers are quite cautious. The market is lacking in cash flow and the leadership of large-cap groups. MACD crossed the signal line, showing an improvement in price momentum. The market is following the recovery scenario to the 1,280 area as it did in the previous two times. This week, we expect some corrections at the 1,250 area, as we see signs of a slowdown in today's recovery.

Strategy: Investors should avoid buying new stocks having high volatility; prioritize to observe and be ready to sell if the stock touches the price range according to the proposed scenario. Since the market is trading in a specific range, investors should prioritize to disburse one time and close position early, avoiding buying multiple times when the price increases.