Facing difficulties before the resistance of 1,250 points, VN-Index gradually saw supply force towards the end of the session.

Most industry groups recorded green gains. Market liquidity in the morning session improved by nearly 50% compared to the previous session. Buyers dominated as the VN-Index recorded 206 green codes and 105 declining codes.

In the afternoon session, VN-Index quickly approached the resistance of 1,250 points in the first 30 minutes of the session. However, profit-taking pressure gradually increased towards the end of the session, causing the general index to fall back close to the reference level. The market ended the session in green, but momentum somewhat decreased in groups of stocks that had increased strongly in the past sessions. Foreign investors continued to net buy slightly VND 73.62 billion, mainly buying VRE and NVL. At the end of the session, VN-Index closed at 1,241.95 points, up 1.9 points, equivalent to 0.15%.

Technical analysis, VCBS said, VN-Index gradually saw profit-taking supply force appear towards the end of the session, closing at 1,241.95 points, up 1.9 points, equivalent to 0.15%. In the 1H frame, the MACD indicator crossed sideways and the RSI reversed direction after reaching the overbought zone during the session, showing that supply force could continue to shake the market in the next session. In the 1D frame, VN-Index created an inverted hammer candlestick at the previous short-term peak area with trading volume continuing to remain at a low level, showing that profit-taking supply force appeared stronger towards the end of the session and the general index needs more time to accumulate strength to break out of the resistance of 1,250 points.

Regarding trading strategy, VCBS said that with active demand slowing down due to profit-taking pressure from investors who held stocks before the holidays and the psychology of waiting for new information on the tariff negotiation process between Vietnam and the United States, VN-Index may need a few more sessions of accumulation before continuing to record a stronger new uptrend. Therefore, investors can consider increasing the proportion of their holding portfolio during the fluctuations in the session, with priority given to stocks with positive business results prospects in the second quarter or stocks that have completed the process of forming an upward bottom and are attracting the attention of cash flow.

Some other comments said that, continuing the increase from the previous session, VN-Index opened with a 4-point increase and maintained stable buying pressure in the first hour of trading. By mid-morning, the general index had increased by 10 points thanks to the strong increase of many industry groups, including Banking with most stocks increasing points. The strong increase helped maintain the flow of new money into the market, leading to many groups increasing strongly such as Real Estate, Oil and Gas, Aviation, Technology, etc. Thereby, VN-Index maintained a large increase and even reached the peak of the session in the middle of the afternoon session when it reached 1,351 points, 11 points higher than the reference. However, selling pressure gradually increased in the second half of the afternoon session, causing a series of stocks to decrease in points, especially the Vn30 group. The increasing selling intensity caused VN-Index to sometimes come close to the reference and close with an increase of only 1.9 points.

Technically, the VN-Index increased slightly but still closed with a red pinbar candle, indicating that the sellers had returned to dominate the session. This correction appeared right when the general index touched the long-term resistance zone, increasing the probability of further correction. Investors should consider keeping the proportion of stocks at a low level.

Source: https://thoibaonganhang.vn/gap-kho-truoc-khang-cu-1250-diem-vn-index-xuat-hien-luc-cung-dan-ve-cuoi-phien-163773.html