Vietnam Insight

- The stock market rallied today. Most stocks traded in the green. Liquidity in both indices improved compared to the previous session.

- At the end of the session, the VN-Index increased by 15.87 points (+1.55%), reaching 1,040.55 points; HNX-Index gained 4.45 points (+2.20%), reaching 206.83 points.

- From a technical perspective: Today's rally could be a signal of technical recovery in the context of weak upper selling supply and the index's previous long drop. However, the upward momentum will be difficult to sustain when the market approaches the resistance area of 1,060 points, corresponding to the previously lost 50-day MA. It should be noted that in the daily chart, the MA20 trend line is close to crossing below MA50, meaning that the bearish phase is confirmed. Trading will shake and the right strategy will still be on the side of observation.