At the end of the session on August 13, selling pressure caused the market to fluctuate around the 1,220 - 1,230 range. At the end of the session, VN-Index increased by 0.14 points, equivalent to 0.01%, to 1,230.42. In the opposite direction, Hnx-Index decreased by 0.59 points, equivalent to 0.26%, to 230.18 points.
The price range around 1,245-1,255 points is still challenging the recovery process of VN-Index.
“The VN-Index had a choppy trading session with volume remaining low, showing that demand is still hesitant. On the intraday chart, momentum indicators are still at quite high levels in the overbought zone.
This continues to warn of possible fluctuations in the next trading session. Currently, the price range around 1,245-1,255 points is still challenging the index's recovery process.
For investors who need to restructure their portfolios, they should take advantage of the market's uptrend this week to do so, especially paying attention to the resistance zone of 1,245-1,255 points of the VN-Index.
For trading activities, investors can consider opening positions when the market experiences strong fluctuations during the session or retreats to test the support zone of 1,200-1,220 points.
The market still needs liquidity support for VN-Index to escape the 1,230 threshold.
“The VN-Index remained almost unchanged in today’s trading session and closed at 1,230.42 points. Market breadth was negative with 12/18 sectors losing points, of which the Basic Resources sector led the decline, followed by the Utilities, Financial Services,…
Regarding foreign transactions, today this group net bought on the HSX floor and slightly net sold on the HNX floor. In the coming trading sessions, the market needs a directional candle with supportive liquidity to be able to bounce completely above the 1,230 threshold and confirm a short-term recovery to the 1,255 threshold.
In addition, a notable information today is that the MSCI Frontier Market Index added 7 new stocks and removed 4 codes. Of which, 2 Vietnamese stocks were newly added, namely BWE and NAB.
The possibility of increased supply at high prices is still latent, posing a risk of reversal for VN-Index.
The strong increase in demand, concentrated in the last 15 minutes of session 2, created an effect, helping VN-Index form a positive candlestick pattern. This development shows that the initiative of buyers at low price areas is still being maintained and leaves open the opportunity to further expand the recovery of the index.
However, the possibility of increased supply at high prices is still latent, posing a risk of reversal for VN-Index around the near resistance zone.
Investors are recommended to spread out sell orders, reduce the proportion of trading positions to a low level when the index or target code recovers and approaches resistance.
VN-Index is still in the accumulation recovery phase to move towards a higher point in the short term.
“VN-Index ended the session with a Dragon fly Doji candle thanks to the return of green in some blue-chips near the end of the session.
On the daily chart, VN-Index is getting closer to the MA20 line, but the movement is still cautious as demand is still limited. Liquidity continues to remain at an average level, while the RSI and MACD indicators are almost unchanged compared to yesterday, showing that the current market momentum, although not yet breakthrough, is still stably accumulated.
On the hourly chart, the general index is moving above the MA20 line, the MACD indicator has not shown any signs of forming the first peak, and the ADX line is anchored in the low zone, so in general, the VN-Index is still in the accumulation recovery phase to move towards a higher point in the short term.
The market recorded a moderate fluctuation during the session and maintained the 1,230 mark thanks to the demand appearing at the end of the session. Currently, it can be seen that the demand is still quite quiet, but the positive thing is that the cash flow is still differentiated when looking for individual stocks and industry groups.
Source: VnEconomy
