Market trends - Maintain the green
16/02/2023

Summary

- The stock market rallied today. Most stocks traded in the green. Banking was the main industry group leading the market trend today.

- At the end of the session, the VN-Index gained 10.09 points (+0.96%), reaching 1,058.29 points; HNX-Index gained 2.87 points (+1.38%), reaching 210.84 points.

- From a technical perspective: The RSI has recovered above the 50 level along with the MACD showing a narrowing signal with the signal line, reinforcing for the balance zone. The market is likely to see a technical pullback with the target of 1,080 points. Note that the index is still moving in the decreasing phase and there is not enough signal to confirm the exit of the channel, the rising and falling pace may intertwine with each other. Therefore, investors can accumulate positions with a small proportion in shaking sessions and limit excitement.

Category
Daily
Author
SSV
Details

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