Market Recap - Breaking out
31/07/2023

Summary

▶ In Monday's trading session, liquidity increased, two main indexes gained, showing investors' optimism.

▶ At the end of the session, VN-Index gained 15.23 points, equivalent to 1.26%, reaching 1,222.90 points; HNX-Index gained 2.01 points (+0.85%), reaching 239.55 points. 

▶ Technical perspective: The market is in uptrend and heading towards the 1260 resistance of the next Fibo at 3,618. However, not enough accumulation at the 1200 price area of Fibo 2,618 will be very risky when the market is likely to correct at any time, along with the momentum for the market to increase in the near future is also gone when the large-cap stocks have been growing above MA200.

Category
Daily
Author
Vo Thi Thuy Trang
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