The overall trend of the market in the medium and long term still leans towards an upward direction:
On the daily chart: The current period is quite similar to the period in November 2020 when the EMA50 crossed above the EMA200 for about 1 month, and the EMA100 also just crossed above the EMA200 in early August 2023, signaling a short-term uptrend.
On the weekly chart: The VNIndex is now above all the EMA lines. Additionally, the weekly EMA50 has also crossed above the EMA200, signaling a medium-term uptrend.
On the monthly chart: The MACD is showing a gradual upward trend towards the zero level. The MACD line is currently crossing with the signal line, and there's a possibility that it might cross above the signal line by the end of this August, and the MACD has turned green. In the event that the monthly MACD crosses above, it would confirm a long-term UPTREND.
Therefore, the adjustment phases could be opportunities for investors who are currently on the sidelines to make new purchases. Investors who are "holding" stocks at the previous peak levels might consider restructuring their portfolios to potentially "get back on track" sooner.
Phạm Thịnh