Market trends - Tug-of-war
29/03/2023

Summary

- The stock market rallied today. After the ATC session, VN-Index had an unexpected "turn of the wheel" when it reversed to increase.

- At the end of the session, the VN-Index gained 2.04 points (+0.19%), reaching 1,056.33 points; HNX-Index dropped 0.17 points (-0.08%), reaching 205.59 points.

- From a technical perspective: The VNIndex has tended to move sideways in the past two trading sessions. The tug-of-war was still the dominant movement in the market with the retreat candle and the strong demand appeared at the end of the session. Technical indicators still show that the uptrend is still there, but the momentum is not too strong. VNIndex needs a strong gaining session to overcome the resistance at 1,060 with the consensus volume to confirm the exit from the down channel.

Category
Daily
Author
SSV
Details

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