Market Recap - The market reversal



On the Tuesday's trading session, the liquidity improved significantly, breaking a streak of 5 consecutive trading sessions lower than the 20-day average. The green color spread in the afternoon session, helping the market reverse after being affected by negative news in the morning session.

At the end of the trading session, VN-Index increased 5.52 points (+0.43%), reaching 1,287.04 points; HNX-Index increased 3.01 points (+1.24%), reaching 245.90 points. Market liquidity reached 27.5 trillion VND, equivalent to about 1,087.7 million shares traded. Foreign investors net sold 736.7 billion VND, focusing mainly on STB, VCI, and SSI.

 VN-Index decreased from the opening morning session but ended the session increasing at the highest level of the day. VN-Index continues to retest the MA 20 support and is still oscillating slightly up in the range of 1270 - 1285. The main trend is still up but the Stoch RSI is still cutting down the signal line, showing that price momentum still have not improved much. Reviewing short-term support at 1,265 – corresponding EMA 20 and next resistance at 1,300 and 1,400.

Strategy: Investors can hold the stock because the uptrend is still holding. In addition, to be safe, investors can take partial profits.


Phuc Nguyen

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