Following a period of overheating, the market has begun signaling an impending correction phase on both the daily and weekly charts. This provides a strong cue for investors who rely on technical analysis to consider temporarily exiting their positions. Consequently, selling pressure has intensified, further exacerbated by forced liquidation activity. A dramatic fall Following a loss of nearly 36 points (over 2%) during the final trading session of the week on October 17, the VN-Index plunged an additional 95 points (equivalent to 5.5%) on the first trading day of the following week, October 20. This marks the steepest single-day decline in absolute terms in the VN-Index’s history. In percentage terms, it is the most significant drop in the past six months—second only to the 6.4% plunge on April 8, when the market was severely impacted by the sweeping reciprocal tariffs announced by U.S. President Donald Trump. Nearly 150 of the 652 stocks that closed in the red hit their floor prices, wiping out approximately VND412 trillion in market capitalization during the historic session referenced above. Liquidity surged to an all-time high, with matched orders on the HOSE exceeding VND50.3 trillion and trading volume reaching nearly 1.7 billion shares. Total transaction […]