Tag: Urban Area on 3-2 Street

The trading session on March 20th was an emotional rollercoaster, starting with a thrilling surge in the opening minutes, only to plummet and trade in the red for the remainder of the day. The efforts of the large-cap stocks group mitigated the losses, resulting in a mild decline for the market.

The VN-Index and HNX-Index both climbed, while trading liquidity took a significant dip in the morning session, indicating investors' hesitation in their transactions.

The VN-Index declined with trading volume dipping below the 20-day average, indicating a cautious sentiment among investors. If this scenario persists in the upcoming sessions, the index is likely to retest the old peak breached in June 2024 (corresponding to the 1,290-1,310 point range). This zone will also serve as strong support for the index. Presently, the MACD indicator is poised to generate a sell signal again as it narrows the gap with the Signal Line. Should this materialize in the coming sessions, the short-term outlook would turn rather pessimistic.