Technical Signals of the VN-Index
During the morning trading session on January 23, 2026, the VN-Index continued to fluctuate. However, the MACD indicator’s sell signal may serve as an early warning for a short-term correction.
That said, trading volume consistently remains above the 20-day average, suggesting a deep decline is unlikely.
Technical Signals of the HNX-Index
During the morning trading session on January 23, 2026, the HNX-Index unexpectedly adjusted but remains above the Middle Band of the Bollinger Bands.
The author maintains the view that the index will soon reach the price target of the Falling Wedge pattern (equivalent to the 266-268 point range).
VCI – Vietcap Securities Corporation
The share price of VCI continued to rise during the morning trading session on January 23, 2026, accompanied by trading volume exceeding the 20-session average, reflecting investor optimism.
Currently, VCI’s price has surpassed the 23.6% Fibonacci Retracement level (equivalent to the 36,000-36,500 range) and is closely following the Upper Band of the Bollinger Bands, indicating that recovery prospects remain favorable.
Additionally, the MACD indicator has consistently formed higher highs and higher lows (Higher High, Higher Low) and has risen above the zero line after generating a buy signal, further supporting the short-term upward trend.
VTP – Viettel Post Corporation
During the morning trading session on January 23, 2026, VTP’s share price declined for the third consecutive session, accompanied by a Big Black Candle pattern, indicating less optimistic investor sentiment.
Currently, VTP’s price remains above the Middle Band of the Bollinger Bands, suggesting that positive prospects still exist.
However, the Stochastic Oscillator continues to decline after generating a sell signal and falling out of the overbought zone, increasing the risk of short-term correction. If the downward trend persists, the Middle Band will serve as a support level for VTP in upcoming sessions.
(*) Note: The analysis in this article is based on real-time data as of the end of the morning trading session. Therefore, the signals and conclusions are for reference only and may change by the end of the afternoon session.
Technical Analysis Department, Vietstock Advisory Division
– 12:04 PM, January 23, 2026
Expert Insight: Stocks May Face Correction Before Targeting 1,900 Peak—Investors Urged to Stay Cautious
Amidst the VN-Index hovering near its historic peak and a market characterized by pronounced differentiation, investors should prioritize a cautious yet adaptable short-term strategy.
VN-Index Slips Below 1,900 Points: What’s Next for the Stock Market Next Week?
The VN-Index concluded the trading week below the 1,900-point mark, following a prolonged rally and heightened profit-taking pressure. Amid rapid capital rotation and foreign investors shifting to net selling, market direction remains uncertain. Investors are advised to avoid FOMO and proceed with caution.
Foreign Investors Net Sell Over VND 1,000 Billion in Session 15/1: Which Stocks Were Hit Hardest?
In a contrasting move, foreign investors actively accumulated large-cap stocks, with VIC leading the charge as they net bought approximately VND 211 billion worth of shares.
VN-Index Plunges After Sharp Rally: Are State-Owned Stocks Still Leading the Wave?
On January 15th, the derivatives expiration date sent shockwaves through the market, leaving investors breathless as the VN-Index plummeted nearly 50 points in a dramatic freefall.
Foreign Block Net Selling Amid VN-Index Volatility, Counter-Trending with Over 400 Billion VND Inflow into Two Blue-Chip Stocks
Foreign investors’ transactions were a notable drawback, as they net sold approximately VND 409 billion.
