Market trends - Sudden reversal
31/01/2023

Summary

- The stock market rallied today. Most stocks traded in the green. When everything looked like an inevitable bearish day, the VN-Index suddenly rebounded strongly.

- At the end of the session, the VN-Index gained 8.61 points (-0.78%), reaching 1,111.18 points; HNX-Index increased 1.65 points (+0.75%), reaching 222.43 points.

- From a technical perspective: Order matching continued to remain above the 20 session average. This reflects an active money flow and improved investor sentiment. The RSI is back to the overbought zone along with the MACD showing signs of cooling down and narrowing the spread with the signal line, meaning that the uptrend will weaken. Therefore, despite a good rally this session, the upward inertia will shake and investors need to limit excitement. 

Category
Daily
Author
SSV
Details

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