Market trends - Hesitate
16/05/2023

Summary

- The stock market rallied today. Trading value on all three exchanges reached VND 13,308 billion with 831 million shares changing hands. This is the 5th session in a row that the transaction value exceeded 11 trillion.

- At the end of the session, the VN-Index gained 0.20 points (+0.02%), reaching 1,065.91 points; HNX-Index gained 0.29 points (+0.14%), reaching 214.62 points.

- Technical view: The index struggled today, trying to stay around 1,060 and trading above MA20 thanks to not-so-strong selling force. The MACD is still showing bullish momentum and shows no signs of slowing down. The RSI is neutral, showing no clear signal yet. Maybe last week's rally was a bull-trap, investors should still hold the portfolio, not disburse heavily while waiting for more positive signals.

Category
Daily
Author
SSV
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