Market trends - Continued rebound
17/11/2022

Summary

-The stock market rallied and continued to recover today. Most of the industry groups traded in the green.

- At the end of the session, the VN-Index gained 26.36 points (+2.80%), reaching 969.26 points; HNX-Index also increased by 4.41 points (+2.40%), reaching 187.86 points. 

- Technical analysis: It seems that yesterday's reversal point (November 16) with bullish engulfing candlestick pattern has been confirmed. Order matching remained above the 20-session average, showing a good money flow. The optimistic signal from Steel group along with the rise of Vingroup created momentum for the market and boosted the index's rally. However, the excitement should still be limited when the index is entering the resistance area near 1000 points.

Category
Daily
Author
SSV
Details

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