The VN-Index is currently experiencing increased selling pressure, particularly in the afternoon session, yet it has managed to stay above the crucial support level of 1,715 points. Analysts suggest that while the potential for a technical rebound is rising, this does not yet signal a reversal of the prevailing downward trend.

According to a technical analysis report from several securities firms for the trading session on October 9, the VN-Index has faced significant declines, closing down over 14 points. The selling pressure has intensified, indicating that buying support remains limited and insufficient to absorb the increased selling volume.

Market Analysis by Securities Firms

• TPBS Securities: The VN-Index has shown a relatively strong decline due to increased selling pressure, but it remains above the 1,715-point support level. In the medium term, the downward trend persists, with 1,715 points being the immediate support and 1,660 points as the next significant level. These two points are critical for establishing a balance and possibly reversing the index's direction. If the VN-Index breaks below 1,715 points, it may decline further towards the 1,660-point range. However, a short-term recovery at the 1,715-point level remains possible, though it lacks sufficient basis to be considered a trend reversal.
• ACB Securities: The increasing selling pressure towards the end of the session has weakened the VN-Index, which closed down more than 14 points. The liquidity was similar to the previous session, indicating that buying support is still quite limited. In the short term, while the risk of a correction towards the 1,700-point support level exists, some technical indicators have begun to improve from oversold levels, suggesting a potential for a technical rebound. However, for a sustainable recovery to be confirmed, the market needs to see a noticeable improvement in buying power in the upcoming sessions. Investors are advised to maintain a balanced stock ratio and selectively invest during correction sessions.

In conclusion, while the VN-Index has shown signs of potential recovery, the overall market sentiment remains cautious. Investors are encouraged to keep a close watch on the support levels and the buying power in the coming days to make informed decisions.