VN-Index and HNX-Index trends on April 18: Clear signs of recovery
VN-Index and HNX-Index are expected to recover on April 18, but low liquidity and net selling pressure from foreign investors show that market sentiment is still cautious.
The stock market on April 17 recorded a positive recovery after strong fluctuations at the beginning of the session. VN-Index closed at the highest level of the day - 1,217.25 points, up 0.57%, thanks to the pull of pillar stocks, especially VIC. However, liquidity continued to decline and foreign investors sold strongly, showing that investors' sentiment was still cautious.
VN-Index: Recovery ability continues to be strengthened
VN-Index rebounded after falling below 1,200 points in the morning session. The strong recovery at the end of the session helped the index close above the technical support zone, reinforcing expectations of maintaining the uptrend in the short term.
However, trading volume is still lower than the average of the last 20 sessions, reflecting the cautiousness in the cash flow's actions. From a technical perspective, the MACD indicator is narrowing the gap with the Signal Line, opening up the possibility of a buy signal in the coming sessions. If this signal is confirmed, the short-term trend of the VN-Index will become more optimistic.
HNX-Index: Narrow fluctuations with solid support level
The HNX-Index increased slightly by 0.08% to 209.58 points as liquidity remained below average. Currently, the October 2023 bottom around 204-208 points is playing an important support role, helping the index maintain its price base.
Regarding technical indicators, the Stochastic Oscillator has left the oversold zone and issued an early buy signal. If the MACD also confirms a positive signal in the next few sessions, the correction pressure will decrease significantly, creating conditions for the HNX-Index to form a new, more solid price level.
Cash flow and foreign investors: Mixed signals
Smart money flow according to the Negative Volume Index (NVI) indicator of VN-Index is still above the EMA 20 line, showing that the risk of a sudden decline is at a low level. This is a positive signal even though the market has not had a breakthrough in liquidity.
On the contrary, foreign investors continued to sell strongly, especially on the HOSE floor with a value of more than 4,500 billion VND - mostly from VIC transactions. If this net selling trend continues, market sentiment will find it difficult to maintain a sustainable positive state in the short term.
Conclude
The uptrend of VN-Index and HNX-Index is gradually re-forming after a period of strong fluctuations. However, low liquidity and pressure from foreign investors are factors that need to be closely monitored. Investors should prioritize the strategy of selecting stocks, taking advantage of the correction to increase the proportion but still maintain caution in the context of the market not being completely stable.
