Market trends - Red


- The stock market fell today. Most stocks traded in the red. Sellers dominated VN30 basket with 27 losers, 2 gainers and 1 reference.

- At the end of the session, the VN-Index lost 18.31 points (-1.76%), reaching 1,021.25 points; HNX-Index dropped 4.05 points (-1.95%), reaching 203.27 points.

- From a technical perspective: The MACD and RSI are still sloping down, showing strong falling momentum and weakening of money flow. The point to note is that the MA20 trendline is about to cut down to MA50 on the daily chart, giving negative signal and predicting that the market may return to the medium-term downtrend. However, currently, the index has dropped for 5 consecutive sessions, so a technical pullback may appear and investors should take advantage to lower the proportion of stocks. The right strategy is still to stand outside and observe the market.

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