Market trends - Continuous sideway
03/11/2022

Summary

- The stock market continued to decline in Thursday's trading session. However, there was a divergence between sectors with the retail sector increasing and the real estate sector decreasing.

- At the end of the session, the VN-Index lost 3.38 points, equivalent to 0.33%, and closed at 1019.81 points.

- From a technical point of view, the VN-Index has struggled for about a week after hitting the bottom of 1,000 points. Market liquidity dropped after the announcement of the interest rate hike last night. The positive point still lay in the fact that the RSI continued to keep its uptrend and created divergences after the VN-Index bottomed and bounced back from the bottom. In addition, the MACD was still pointing up, signaling that the market might reverse.

Category
Daily
Author
SSV
Details

Page: 4

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