Market commentary

18

June

Derivatives: Sustaining upward momentum

Short-term risks remain elevated with the contract approaching expiration. Therefore, traders are advised to remain cautious and wait for further confirmation signals in the coming sessions before reopening long positions.
Report (40)

18

June

Market commentary: Continued gains

With two consecutive positive sessions, the index has moved above its 20-day moving average. This signal indicates that a short-term uptrend is gradually taking shape. Therefore, investors may consider partially...
Report (50)

17

June

Market commentary: Demand returns

After bottom-fishing demand emerged late in the previous session, helping narrow the decline, the market followed up with a strong rally yesterday. This implies that a positive signal is gradually...
Report (62)

16

June

Market commentary: Easing of selling pressure

Although the market experienced a correction amid increased liquidity, a notable positive development was the active bottom-fishing buying that emerged late in the session, significantly narrowing the decline. This behavior...
Report (46)

13

June

Market commentary: Demand returns

Despite the market’s recovery, liquidity only increased slightly and did not show a strong enough breakout to signal a trend reversal. Moreover, the index remains below its 20-day moving average,...
Report (62)

12

June

Market commentary: Diverging market movements

The ongoing correction pressure caused the market to close lower. Furthermore, the index remains below its 20-day moving average, indicating a short-term downtrend. Hence, investors were advised to gradually reduce...
Report (50)

11

June

Market commentary: Market recovery

Although the market posted gains, the index remained below its 20-day moving average. This suggests that the recovery momentum is not yet strong enough to reverse the prevailing trend, and...
Report (51)

10

June

Market commentary: “Vin” stocks hit the floor

The market recorded four consecutive declining sessions, with the index closing below the 20-period moving average. This pattern suggested an increasing risk of short-term correction and signaled a return of...
Report (55)

09

June

Market commentary: Short-term correction?

Despite the pullback in the indices, the overall uptrend remained intact as key indexes stayed above most major moving averages. This suggests that the market may be entering an accumulation...
Report (43)
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