Tag: “Meritorious Artisan”

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.