Market trends - Reverse
23/05/2023

Summary

- The stock market fell today. This is the 3rd session in a row that the trading value on HOSE exceeded VND 12,000 billion, and also the 3rd consecutive net selling session of foreign investors with a constantly increasing net selling volume.

- At the of the session, the VN-Index declined 4.79 points (-0.45%), reaching 1,065.85 points; HNX-Index decreased 0.11 points (-0.05%), reaching 215.79 points.

- Technical view: VNINDEX closed today creating a bearish engulfing candlestick pattern, the red candle covering the green candle in the previous session; This is a negative signal right at the resistance zone. MACD shows a marked decrease in bullish momentum compared to the previous one. RSI is also starting to show bearish divergence. Investors should reduce the proportion of market monitoring during this time.

Category
Daily
Author
SSV
Details

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