Market trends - Sudden deep drop


- The stock market fell today. Most stocks traded in the red. A large-scale decline took place when on HOSE only 77 stocks gained on HOSE while 342 stocks declined.

- At the end of the session, the VN-Index dropped 23.45 points (-2.15%), reaching 1,065.84 points; HNX-Index dropped 4.47 points (-2.08%), reaching 210.00 points.

- From a technical perspective: It can be seen that the market breadth from the overwhelming gain in the morning turned to red in the afternoon session. Along with that, the liquidity could not increase when the index moved to a higher threshold. The order matching was above 20 session average, showing active selling. Technically, the MACD has crossed the signal line, after today's drop, the MACD will continue to widen with the signal line, along with the RSI falling below 50, meaning that the bearish inertia is still there. The right strategy is patience and observation.


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