Morning Call 18/11/2022 - Still need time for the market to consolidate, trading is inclined to struggle
18/11/2022

Summary

Global stocks decline. US stocks dropped slightly, trading started to struggle, as investors digested more earnings reports, while weighing hawkish remarks from the Federal Reserve. The annual inflation rate in Japan climbed to 3.7% in October 2022 from 3.0% a month earlier. This was the highest print since January 1991.

Domestic stocks continue the rally but close to resistance. It seems that yesterday's reversal point (November 16) with bullish engulfing candlestick pattern has been confirmed. The optimistic signal from Steel group along with the rise of Vingroup ((VIC, VHM, VRE) created momentum for the market.

 

  • Domestic and international news
  • A look back at 16 key points of China's comprehensive real estate rescue package #Steel
  • Technical view and recommendations # HPG #VNM
Category
Daily
Author
Le Tran Khang
Details

Page: 13

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File format: pdf

Size: 1.67 MB