Market trends - Balance trading
17/10/2022

Summary

- The stock market dropped at the beginning of the session but quickly regained its balance, most of the industry groups recovered to near the reference level, the strong stocks continued to remain in green.

- At the end of the session , the VN-Index dropped 10.27 points (-0.97%), reaching 1,051.6 points; HNX-Index also decreased slightly by 1.43 points (-0.63%), reaching 226.5 points.

- From the technical perspective, The shake to retest the previous day's bullish gap is reasonable. The MACD continues to narrow the spread with the signal line and tends to cut up, besides, the RSI is also improving after getting out of the oversold area of 30. This implies that the recovery inertia is still being supported with the nearest resistance around 1,080 – 1,100 points

Category
Daily
Author
Le Tran Khang
Details

Page: 4

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