24/07/2023 - 08:51
Weekly July 24
The VNI advanced 1.5% WoW to close the week at 1186 points, with strong liquidity and positive breadth. The VNI mostly consolidated at the beginning of the week before rallying 1.12% on Friday. As the market is approaching the resistance at around 1200. We keep our view that the market may enter consolidation phrase before going up further. Our 2023 VNI forecast remains 1300, implying another +9.6% upside.
