Market Recap - Green on the outside, red on the inside
08/08/2023

Summary

▶ In Tuesday's session, the liquidity decreased slightly, the market moved sideways with a narrow range, showing the indecision in the upcoming trend of investors.

▶ At the end of the session, VN-Index gained 0.81 points, equivalent to 0.07%, reaching 1,242.23 points; HNX-Index increased 0.39 points (+0.16%), reaching 246.07 points. 

▶ Technical perspective: The index continued to stay at the upper band of Bollinger Band, showing the excitement of investors. The RSI was still in the overbought zone and had started showing divergence recently. The MACD continued to keep gaining momentum when the MACD line had not shown any sign of cutting down to the signal line. In summary, the market is at a high overbought level and some potential risks are starting to appear. However, the current short-term uptrend shows no sign of being broken.

Category
Daily
Author
Vo Thi Thuy Trang
Details

Page: 5

Lauguage:

File format: pdf

Size: 1.21 MB