Market trends - Spectacular reversal
16/11/2022

Summary

- The stock market rallied strongly today. Most of the industry groups traded in the green.

- At the end of the session, VN-Index gained 31.00 points (+3.40%), reaching 942.90 points; HNX-Index also increased by 7.67 points (+4.36%), reaching 183.45 points. 

- From a technical perspective, the spreading of the cash flow today was quite positive, which was the driving force for the index to close at a high level and create a Bullish Engulfing candlestick pattern. Matching was also above the 20 session average, showing consensus. Currently, this is a positive signal in the short term, but it is still early to conclude whether the market has bottomed or not, we still need a few more confirmation sessions.

Category
Daily
Author
SSV
Details

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