Market trends - Cool down
21/02/2023

Summary

- Stock market fell today. Most stocks traded in the red. Today's liquidity on 3 exchanges reached more than VND 13.6 trillion, a quite positive figure.

- At the end of the session, the VN-Index lost 4.46 points (-0.41%), reaching 1,082.23 points; HNX-Index dropped 1.75 points (+0.81%), reaching 214.08 points.

- From a technical perspective: At the end of the session, VN-Index closed forming a hammer candlestick pattern with matching orders reaching a high level above 20 session average. This shows that the selling supply starts to increase again and new money inflows will have more difficulty in the buying direction. Technically, the MACD, RSI are showing balanced signal. The market is likely to have to retest the 20-day MA around 1,080 points to consolidate the trend. The strategy is more about holding and watching.

Category
Daily
Author
SSV
Details

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