VN-Index chart on March 18

Cash flow has shown strong signs of participation in the oil and gas, electricity, telecommunications technology and chemical groups after a period of adjustment to a low base. Meanwhile, the increase in the large-cap group has slowed down and tends to make a slight adjustment.

Some stocks recorded impressive increases: POW hit the ceiling, BSR increased by 3.63%, GAS increased by 2.05%.

Near the end of the session, selling pressure increased, causing the general index to lose steam and retreat to hover around the reference level.

Red spread and dominated the afternoon session, causing pressure to make VN-Index decrease. Short-term profit-taking increased after many stocks had a good increase last week, along with the general index being in the new score area of ​​1,340 points, so fluctuations to test momentum are normal.

Foreign investors continued to net sell with a total net value of 424.45 billion, focusing on selling FPT, SSI, SAB.

At the end of the session, VN-Index closed at 1,330.97 points, down 5.29 points, equivalent to 0.40%.

Technical analysis, VCBS said, VN-Index ended the session down due to widespread correction pressure in the afternoon session. On the daily chart, RSI and MACD indicators showed negative divergence signals, explaining the fluctuations in today's session. Along with that, many groups of stocks that have had a good increase along with VN-Index in the recent past are also under profit-taking and correction pressure, putting pressure on the general index. However, the +DI and ADX lines continue to anchor above the 31 mark, so it is expected that the market will soon regain balance and accumulate around the 1,310-1,320 point range.

On the hourly chart, the general index adjusted to the MA20 line after touching the upper border of the Bollinger band. At the same time, the RSI and MACD indicators agreed to form a negative divergence with the daily chart, so the probability of the market continuing to fluctuate in the short term is inevitable and the nearest support zone is around the 1,310 point mark.

VCBS believes that active buying liquidity has slowed down somewhat with increasing selling pressure, showing that cautious sentiment is gradually emerging.

Technically, VN-Index fell more than 5 points and formed a large red candle with a fluctuation range covering the entire previous candle, showing that the sellers have regained the upper hand at the score area above 1,330 points. However, the body of the falling candle has not completely covered the previous candle to form a Bearish Engulfing pattern, but RSI gave a divergence signal showing that the risk of correction has increased.

Source: https://thoibaonganhang.vn/ap-luc-chot-loi-gia-tang-vn-index-mat-moc-1340-diem-161520.html