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The VN-Index is approaching the 1,880-1,900 point range, but profit-taking pressure is increasing. Several brokerage firms said the market likely needs more time to consolidate before retesting the previous peak.
Phú Hưng Securities (PHS) said the VN-Index formed a Doji candle as it neared 1,880-1,900, nearly offsetting gains from the session and signaling indecision. Money flows were described as more dispersed, with no clear leadership group strong enough to drive a breakout. Decliners have outnumbered advancers for two consecutive sessions.
PHS noted that if demand at higher price levels continues to weaken, downside pressure could rise. The nearest support is around 1,830-1,850. The firm’s suggested approach is to lean toward holding, limit enthusiasm for unclear rebounds, and closely monitor reactions in the support zone. It highlighted groups including oil & gas, chemicals, utilities, securities, and industrials.
VPBankS said the VN-Index is approaching resistance at 1,900, described as the upper bound of the Broadening Top pattern and the trendline connecting the 2018 and 2022 highs. To move above this area, the market would need strong consensus from liquidity and leadership from banks, securities, and steel.
The firm also considered a pullback in the coming week necessary to allow short-term moving averages to catch up, supporting a more sustainable uptrend.
Thiên Việt Securities (TVS) suggested the VN-Index could consolidate in the 1,850-1,900 range to absorb selling pressure over the next few sessions. It said the rally is currently capped by weakness in large-cap groups, particularly banks and real estate.
TVS identified 1,900-1,920 as a strong resistance zone and also a historical high. It recommended investors maintain their current weight and monitor further developments before making new decisions.
Shinhan Vietnam (SSV) said recent sessions have largely been technical pullbacks to absorb short-term selling pressure, with no signs of distribution. It maintained that the primary uptrend remains intact if liquidity improves and money flows broaden.
SSV data showed the proportion of stocks trading above EMA50 is around 40-45%, leaving room for upside. In the base scenario, the market could continue toward 1,900 after testing 1,800. However, SSV said a sharp drop to 1,600-1,700 would call for reducing exposure to manage risk.
Tien Phong Securities (TPS) said late-session profit-taking pulled the index close to the neutral level, but the broader trend remains positive. It pointed to rising trading volume and afternoon focus as signs that demand is still present.
TPS expected the index may wobble near 1,920 while momentum indicators remain positive. Based on a triangle consolidation pattern dating from Q4 2025, the medium-term base-case target is around 1,980.
VCBS said the VN-Index is trading in a narrow band around 1,875-1,885 to test supply and demand. It said technical indicators have cooled but have not yet confirmed a reversal. Immediate resistance is at 1,920, while short-term support is around 1,850-1,860.
VCBS recommended continuing to hold stocks in uptrends and selectively investing in stocks that break resistance or successfully test support for momentum trades.
AseanSC noted a weekly green candle with higher volume, indicating stronger demand. Still, as the index approaches historic highs, it expects some short-term oscillations and minor corrections.
The firm cited near-term support around 1,850 and resistance at 1,920. For short-term investors, it suggested gradually adding positions and prioritizing stocks in uptrends in real estate, banks, securities, and consumer-oriented sectors.
BSC said the market is oscillating ahead of the psychological 1,900 level. As the index approaches this sensitive area, it warned that supply pressure could intensify and advised investors to trade cautiously amid high volatility.
VikkiBankS said the market continues to show sector rotation and dispersion but has not formed a clear consensus yet. It recommended maintaining balanced weighting, monitoring leading stock groups closely, and updating stock picks using February 2026 monthly recommendations as money-flow signals improve.
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