Market Recap - Cautiousness
03/08/2023

Summary

▶ In Thursday's session, liquidity increased again, two main indexes dropped, showing cautious sentiment of investors.

▶ At the end of the session, the VN-Index dropped 9.48 points, equivalent to 0.78%, reaching 1,210.95 points; HNX-Index dropped 1.54 points (-0.64%), reaching 239.77 points. 

▶ Technical view: The market corrects after an overheated rally in the past when the STOCH RSI and RSI have shown clear overbought signals from many previous sessions. With today's drop, these indicators have returned to a more balanced zone. Regarding the trend, the market still holds the MA10, showing that the uptrend is still maintained.

Category
Daily
Author
Vo Thi Thuy Trang
Details

Page: 5

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