Market trends - Retreat
19/12/2022
Summary
- The stock market fell in today's session. Most stocks traded in the red.
- At the end of the session, the VN-Index dropped 14.08 points (-1.34%), reaching 1,038.40 points; HNX-Index dropped 0.75 points (-0.35%), reaching 212.24 points.
- From a technical perspective: The uptrend was narrowed significantly and the index closed the session creating a red hammer candlestick pattern, showing more active selling. The MACD is close to crossing the signal line along with the RSI dropping to 50, meaning that the correcting trend might continue. The right strategy is to hold and start being more cautious when the index continuously fails to break out to the high level.
Category
Daily
Author
SSV
Details
Page: 4
Lauguage:
File format: pdf
Size: 1.89 MB