Vietnam Insight

- The stock market fell sharply today. Most stocks traded in the red. The market leaned towards the sellers in basket VN30 with 23 losers and 7 gainers.

- At the end of the session, the VN-Index dropped 35.21 points (-3.17%), reaching 1,075.97 points; HNX-Index dropped 6.42 points (-2.89%), reaching 216.01 points.

- From a technical perspective: Contrary to yesterday's gain, the main selling pressure pushed the index to close at the session low and covered the previous gain, creating a Bearish Engulfing candlestick pattern. Order matching was also exceptionally high compared to the average of 20 sessions. This meaning a possible reversal signal and the trade needs to be more cautious. The right strategy is to take partial profits and observe further.