⏱ 30-SECOND SUMMARY
- VN-Index recovers immediately after the sharp drop in the previous session: declined to 1,814.50 points at market open then rallied, closing at 1,830.44 points — near the day’s high, up 8.80 points.
- Market breadth improves noticeably: the ratio of gainers to losers nears balance (0.97) after the previous session was dominated by decliners (0.37).
- The Upthrust signal from yesterday has not received follow-through confirmation — the index holds above all stated support levels and does not break the low, but recovery volume is at the lowest in 7 recent sessions.
- Three stocks stand out this time from different sectors (Banking, Agriculture, Paper Manufacturing): STB has the cleanest Breakout/VCP setup, BAF is consolidating tightly awaiting activation, DHC is recovering but volume remains weak.
VN-Index closed the 08/09/2026 session at 1,830.44 points, up 8.80 points (+0.48%) from the previous session. Price action during the session was quite choppy: the index fluctuated, pulled back to 1,814.50 points, before buying pressure returned in late session, pushing the index to close near the day’s high.
The index is currently 16.0% above the 52-week low and 5.3% below the 52-week high. MA20 and MA50 are nearly overlapping (1,784.6 and 1,784.3) — showing that the 1,784-1,785 zone is becoming a notable technical support cluster if the market declines again. MA200 continues to trend upward; the long-term foundation (Stage 2) has not been affected by the volatility of the past 2 sessions.
HOSE Market Breadth — Last 3 Sessions
| Session | % of stocks above MA20 | % of stocks above MA50 | % of stocks above MA200 | Gainers/Losers | Gainers/Losers Ratio |
|---|---|---|---|---|---|
| 04/09/2026 | 45.0% | 38.4% | 26.4% | 129 / 173 | 0.75 |
| 07/09/2026 | 36.2% | 34.4% | 25.0% | 84 / 230 | 0.37 |
| 08/09/2026 | 39.5% | 35.7% | 25.7% | 151 / 155 | 0.97 |
Among 320 qualifying HOSE stocks (≥200 periods of data and average liquidity ≥50 million VND/day), score distribution remains nearly unchanged from the previous session:
The 18 stocks achieving the maximum 8/8 criteria, with VIC, HHP, VHM, PGI, SSB, DBT, HCM leading in RS Rating, are spread across various sectors including Banking (STB), Agriculture (BAF), and Paper Manufacturing (DHC) — these 3 are selected for detailed analysis below. The market structure by this filter remains nearly unchanged over a single session — reasonable since this is a mid-to-long-term indicator, less sensitive to 1-2 session fluctuations.
| Session | Range (points) | Close Position* | Volume | vs. 20-Session Avg. |
|---|---|---|---|---|
| 04/09 | 33.0 | 71.0% | 501.0tr | ~ average |
| 07/09 | 52.8 | 0% (at exact day low) | 498.0tr | Below average |
| 08/09 | 16.8 (narrower than ATR) | 94.8% (near day high) | 403.1tr | Lowest in 7 sessions (20-avg: 527.5tr) |
*Close Position: 100% = closed at the day’s high, 0% = closed at the day’s low.
The 08/09 session carries the characteristics of a “Test” rather than a continuation of distribution: amplitude narrows significantly compared to the previous explosive session, the index probes downward in the morning session but finds no new selling pressure, then closes near the day’s high. However, trading volume is the lowest in the past 7 sessions — meaning this recovery has not been accompanied by strong capital inflow, appearing more like a natural “cooling off” than a confirmed Sign of Strength.
VN-Index continues to move within the wide range stretching from November 2025 (low 1,578.4) to present (high 1,933.1 in May 2026). The 08/09 session is a small pullback in the effort to re-test the old peak zone of 1,870-1,933 points — this effort remains unsuccessful so far but has not been rejected either.
VN-Index currently does not clearly fit into any of the 3 standard setups (Breakout/VCP, Bottom-Testing/Spring, or Distribution/Upthrust) — the market is in a transitional state, re-testing the peak zone after a strong single-session swing. The current technical signal leans slightly positive thanks to improved breadth and the index holding above the reference support zone, but volume is not convincing enough to assert firmly. Investors should continue monitoring volume developments over the next 1-2 sessions before drawing firmer conclusions.
| Category | Content |
|---|---|
| Reference support zone | 1,814 – 1,785 (08/09 session low & MA20/MA50 cluster) |
| Reference resistance zone | 1,862 – 1,933 (04/09 session high & 52-week high) |
| Wyckoff phase | Peak zone re-test within wide trading range — Upthrust hypothesis not confirmed |
| TA Score | 6/10 — Neutral, slightly improved |
On 08/09, 18 HOSE stocks achieved the maximum 8/8 Trend Template criteria, spread across multiple sectors. Instead of repeating familiar large-cap names, this time we select 3 stocks from different sectors, with good liquidity and noteworthy technical structure: STB (Banking), BAF (Agriculture – Livestock), DHC (Paper Manufacturing).
STB — Sacombank Breakout, healthy exhaust
| Metric | Value |
|---|---|
| MA structure | MA50 73.1 > MA150 68.7 > MA200 64.8 — properly aligned |
| 04/09 breakout | Closed near day high (96.6%), volume 5.48M shares — 1.7x 20-session average |
| Last 2 sessions (07-08/09) | Minor pullback with contracted volume below average (2.14M and 1.87M) |
| RSI(14) | 57.3 · Distance to 52-week high (77.7): ~2% |
The 04/09 session combines all characteristics of a volume-confirmed breakout. The two pullback sessions afterward occurred on low volume — a sign of healthy exhaust rather than active selling pressure. Technical signals are positive, matching Scenario A (Breakout/VCP) characteristics. Reference support zone: 74.5 – 75.5. Resistance zone: 77.7 (52-week high).
BAF — BAF Vietnam Agriculture Consolidating, not yet triggered
| Metric | Value |
|---|---|
| MA structure | MA50 30.7 / MA150 30.1 / MA200 30.0 — three lines nearly touching |
| Range last 2 weeks | Progressively tighter, ATR(14) only 0.54 — lowest among the 3 stocks |
| Volume | Declining from 3.9M (21/08) to 1.1M shares (08/09) |
| RSI(14) | 59.1 · Distance to 52-week high (33.0): ~2.7% |
Converging MA structure combined with progressively tighter range and declining volume are typical features of a VCP (compressed spring) model in formation. However, price has not broken above the 33.0 peak with a volume surge to confirm activation — currently only a stock worth monitoring, not a confirmed positive signal yet.
DHC — Dong Hai Ben Tre Recovering, volume remains weak
| Metric | Value |
|---|---|
| MA structure | MA50 33.7 > MA150 32.6 > MA200 31.9 — properly aligned |
| 04/09 session | Declined with spiking volume (632K shares — highest in 10 sessions) |
| 08/09 session | Recovery, closed near day high (90%) but volume now lowest in 10 sessions (156K shares) |
| RSI(14) | 59.3 · Distance to 52-week high (37.1): ~2.4% |
DHC’s long-term structure remains solid, but the recent bounce is not accompanied by convincing volume — similar to the pattern seen in VN-Index itself. Neutral-positive signal; an additional session with rising price coupled with improved volume is needed for reinforcement. Reference support zone: 35.3 – 35.7. Resistance zone: 37.1 (52-week high).
The data below is compiled from public sources to cross-reference context and does not constitute and does not replace the technical analysis in the sections above.