Market trends - Exhausted
15/05/2023

Summary

- The stock market fell today. Red was slightly better in the VN30 basket with 15 losers, 13 gainers and 2 reference codes. Selling pressure started from Mid Cap stocks and then spread to Large Cap stocks at the end of the session.

- At the end of the session, the VN-Index dropped 1.19 points (-0.11%), reaching 1,065.71 points; HNX-Index lost 0.77 points (-0.36%), reaching 214.33 points.

- Technical view: The market closed with the red marubozu with the largest volume in the last 3 weeks; This shows that selling pressure is quite strong. However, the MACD still shows that price momentum is still recovering, showing no signs of weakening. The RSI is flat, not showing any signal. The market is still quite struggling, there is no consensus on the indicators in any direction.

Category
Daily
Author
SSV
Details

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