Market trends - Confirmation of reversal
24/05/2023

Summary

- The stock market continued to decline today. Red was more widespread in the afternoon session with 19 sectors falling (compared to 13 sectors in the morning session). In which, the building materials industry adjusted the most in the market with a decrease of 1.54%.

- At the end of the session, the VN-Index dropped 4.06 points (-0.38%), reaching 1,061.79 points; HNX-Index increased 0.17 points (+0.08%), reaching 215.96 points.

- Technical view: The candlestick pattern is relatively unsatisfactory, the possibility of creating a double top falling in the short term; The next support level is 1,050. The signal line and the MACD line are approaching each other, showing that the price momentum is trending down. RSI is also showing bearish price power.

Category
Daily
Author
SSV
Details

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