Market trends - Efforts to regain the green
18/04/2023

Summary

- The stock market rallied today. Notably, securities group accelerated with many strong gainers.

- At the end of the session, the VN-Index gained 1.21 points (+0.11%), reaching 1,055.02 points; In contrast, HNX-Index gained 1.62 points (+0.78%), reaching 208.25 points.

- Technical perspective: The struggling trend still prevailed in the trade and the index fluctuated in a narrow range. Technically, the MACD is still below the signal line, while the RSI has recovered slightly but is still below 50, meaning that the correcting phase is still dominant. It should be noted that the money flow started to diversify again. The index needs to break out of 1,070 points to confirm exiting the correcting pace. In the other case, the trend is still unclear. The right strategy is about holding.

Category
Daily
Author
SSV
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