13/05/25 | Vn Index approaches 1300 | Technical Analysis #vnindex #vn30index

13/05/25 | Vn Index approaches 1300 | Technical Analysis #vnindex #vn30index

From a technical perspective: VN Index closed with a Doji Dragonfly candlestick and surpassed the 1290 mark thanks to the large contribution from retail and banking stocks. The general momentum is being maintained relatively well thanks to the contribution from blue-chip stocks, helping VN Index get closer to the psychological resistance of 1300.

On the hourly chart, RSI and MACD agree on the direction, reinforcing the positive movement trend of the market. However, the cash flow has begun to differentiate as VN Index gets closer to 1300, so it is necessary to pay attention to the possibility of strong fluctuations in the following sessions, especially around the resistance zone of 1300 points.

On the daily chart, RSI and MACD continue to be in an upward trend and have not yet shown signs of forming a peak, indicating a good upward momentum of the market. VN Index has approached the threshold of 1300, considered a strong psychological resistance zone of the market, and the general index has also exceeded the upper boundary of the Bollinger band, so it is necessary to pay attention to the possibility of a short-term adjustment.

Investors should continue to hold stocks that maintain a strong uptrend, while considering reducing the proportion of stocks that have reached short-term targets and have correction signals at the resistance zone. There is a high probability that the market will have fluctuations and adjustments in the short term. Investors should select stocks that have not increased strongly from the nearest support zone and wait for partial disbursement in the upcoming fluctuations.