- Stock market fell today. Most stocks traded in the red. Market breadth is in favor of the sell side.
- At the end of the session, the VN-Index lost 27.95 points (-2.58%), reaching 1,054.28 points; HNX-Index dropped 4.12 points (-1.92%), reaching 209.96 points.
- From a technical perspective: Although there was still demand at low prices during the session, sellers almost completely dominated pushed the index to close in red with the lowest price of the session. The MACD showed signs of turning down along with the RSI also dropping below 50, meaning that the money flow is weakening. With today's sharp drop, the index has negated the bullish candlestick pattern on February 20, which means that the uptrend has been violated and the trading risk becomes higher. Therefore, the appropriate strategy is to lower the weight and stay out of the observation.
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