6PM Call: Short-term Profit taking
- The short-term profit-taking pressure continued to surge, shown by rising liquidity and a Shooting star candle. However, looking at the weekly chart, VN-Index recorded a good support candle signal from the support area of 1,150 points.
- It’s expected that VN-Index will continue to be supported when it retreats to 1,175 points and recovers again.
Following the recovery from the previous session, today’s market continued to trade actively at the beginning. However, market’s uptrend could not be prolonged and retreated before the resistance area of 1,190 points. Profit-taking pressure gradually surged at the end of the day and weighed on the indices. VN-Index dropped 2.92 points (-0.25%) and closed at 1,179.25 points. Liquidity increased compared to the previous session with 543.9 million shares matched on HOSE.
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