Although there was the rebound phase on the previous trading day, the bearish swing is still active and there is no place for the bullish move to extend. However, during this period, short positions are extremely risky due to the high volatile market move. In order to reduce the risk, trader should wait for the consolidation phase to capture the good entry.

Demand appears again in the afternoon, dragging the stock market to close in the green territory. However, inflow is quite weak as the liquidity remains at a low level. Furthermore, the downside risk is still present, as the VNIndex maintains to close below all major moving average lines. Therefore, investors should stand aside and carefully observe the next movements of the market.