Market trends - Rugged


- The stock market rallied today. Most stocks traded in the green. The bright spot of the market today came from iron and steel stocks.

- At the end of the session, the VN-Index gained 6.38 points (+0.60%), reaching 1,072.22 points; HNX-Index gained 0.62 points (+0.30%), reaching 210.62 points.

- From a technical perspective: The selling continued to dominate today but the bottom-fishing cash flow also quickly re-entered so the index ended in green. Vnindex is slightly green but still below the 20-day MA, corresponding to 1,080 points. Technical indicators have not improved much as MACD is cutting down the signal line and widening its range while the RSI is almost flat around 50 level and has not been able to break through. This means that the corrective inertia continues. The next period will be quite shaky with high divergence, so investors need to be patient and limit excitement.


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