Markets

The market closed with slight losses, as the VN-Index dipped by 2.44 points (-0.19%) to end the day at 1,305.36. Similarly, the HNX-Index edged lower by 0.2 points (-0.08%), finishing at 239.19. The market breadth tilted towards decliners, with 408 tickers in the red versus 390 in the green. The large-cap segment mirrored this sentiment, as reflected in the VN30 basket, where 18 stocks retreated, seven advanced, and five remained unchanged.

The VN-Index rebounded with a Hammer candlestick pattern, reflecting investors' optimism as the index broke through the old peak of October 2024 (1,290-1,305 points). This bullish sentiment is further reinforced by the MACD indicator, which continues to trend upward, providing a buy signal. If the index sustains levels above this threshold, accompanied by high trading volume, the upward trajectory will be solidified.

The VN-Index has been on a remarkable run recently, with five consecutive sessions in the green, closely hugging the upper band of the Bollinger Bands. What's more, the index is retesting the old peak from October 2024 (1,290-1,305 points) amid sustained trading volumes above the 20-day average, indicating consistent participation from investors. Should the VN-Index decisively breach this zone, the outlook would turn even more bullish. However, the Stochastic Oscillator, now deeply embedded in overbought territory, suggests that the risk of a correction will heighten if sell signals reemerge.

The market closed with the VN-Index down 0.2 points (-0.02%), settling at 1,302.96, while the HNX-Index gained 0.29 points (+0.12%), closing at 238.6. The market breadth tilted slightly in favor of advancers, with 411 gainers against 365 decliners. However, the large-cap stocks in the VN30 basket witnessed a dominance of red, as 18 stocks fell, 10 advanced, and 2 remained unchanged.

The VN-Index took investors on a wild ride as it breached the 1,300-point threshold in the early afternoon session, only to swiftly rebound and close at 1,307.8 points, a gain of 4.84 points. This dramatic turnaround came after a pressured morning session that saw the index hovering just above the 1,300 mark.

The VN-Index declined, sustaining a tug-of-war stance as the High Wave Candle pattern emerged. This reflects investors' cautious sentiment as the index retests the old peak from October 2024 (1,290-1,305 points territory). Unless the index breaks out of this range soon, a resumption of the downward trend is highly likely. Notably, the Stochastic Oscillator is venturing deep into overbought territory, suggesting a sell signal in the upcoming sessions. Should this materialize, the risks of a market correction intensify.

The VN-Index continued its impressive upward trajectory, closely hugging the upper band of the Bollinger Bands. Accompanying this rise was a trading volume above the 20-week average, indicative of strong participation and a healthy flow of capital into the market. However, the index's persistent volatility last week revealed that the 1,300-point mark is a significant resistance level. For the VN-Index to sustain its bullish momentum, breaking through this threshold in the coming period is essential.

The VN-Index witnessed a slight dip as it faced persistent pressure around the crucial resistance level of 1,300 points, indicating investors' cautious sentiment. With the index struggling to break free from this range, there's a significant possibility of a return to a downward trend. Adding to this, the Stochastic Oscillator, a key indicator, has already signaled a sell-off within the overbought territory. This suggests that the risk of a market correction intensifies if the indicator falls out of this zone.

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