Vietnam Insight

US stocks rebounded from post-Christmas lows. Both the Dow Jones and Nasdaq Composite recorded four consecutive sessions of gains on Tuesday, while the S&P 500 extended its winning streak to three sessions, buoyed by gains in mega-cap and growth stocks. Meanwhile, growth stocks climbed despite elevated US Treasury yields, with the benchmark 10-year note yielding around 4.61%, its highest level since May. 

The trading market saw little volatility. VNINDEX closed at 1,272.87 points (-1.17 points, -0.09%) with relatively stable trading volume. The market experienced a minor, insignificant technical decline due to the lack of a leading group. Foreign investors were net sellers of 365 billion dong. 

Trading Strategy: Investors are closely monitoring the index's reaction near the resistance levels of 1,280 - 1,300, as this is a zone with high selling pressure. Even if the index manages to surpass this level, a minor correction is entirely possible. Therefore, it is recommended to be cautious with buying at this time and wait for clearer confirmation signals

Buy recommendation: HAH