Vietnam Insight

- The stock market fell slightly today. Most stocks traded in the red. VN-Index closed down more than 8 points, to the lowest level in the whole day.

- At the end of the session, the VN-Index dropped 8.19 points (-0.76%), reaching 1,072.22 points; In contrast, HNX-Index gained 0.29 points (+0.14%), reaching 210.91 points.

- From a technical perspective: Although the market gained at the beginning, selling pressure quickly returned and prevailed in the afternoon so the index closed in red. Market breadth was also narrower with the money flow diverged. The MACD is lower than the signal line and is expanding its range with the RSI falling below 50, meaning that the bearish momentum is still there. The nearest support for the trend is the threshold of 1,050 points corresponding to the 50-day MA. The right strategy remains patient and observant.