Market Recap - Failed recovery


▶ In Tuesday's session, liquidity decreased slightly and two main indexes decreased, showing negative investor sentiment.


▶ At the end of the session, VN-Index decreased 15.24 points, equivalent to 1.32%, reaching 1,137.9 points; HNX-Index decreased 1.75 points (0.76%), reaching 229.7 points. Market liquidity reached VND 21.6 trillion, equivalent to about 1,046 million shares traded. Foreign investors net buy VND 650 billion, focusing mainly on HPG and SSI. 


▶ Technical perspective: The market closed at the lowest level showing that selling pressure is still strong. The MACD indicator continues to move away from the signal line and cuts to the 0 point threshold, showing that the expected downtrend continues to be maintained. However, in the long term, the market is trading at the lower edge of the price channel, showing an attractive buying zone for the long-term trend. The RSI index is also at the oversold level, the lowest level compared to the old bottoms that have formed during the year, showing an attractive price range at the present time.

Thao Nguyen

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