[Market News 20/06/2024] VRE SETS NEW 52-WEEK LOW

Some important notes:

– The index needs to maintain the 1,250-point support zone to avoid falling into a double-top pattern. It’s crucial that the downtrend does not see high-volume selling waves. Currently, this seems to be happening, and the market is still showing positive differentiation. – Risk rotation continues, but capital seems to be concentrated only in strongly appreciating groups like HVN, VGI, FPT… Trading breadth is showing signs of narrowing. This could be a potential risk if there is no spillover to other sectors, as we are seeing market breadth divergence. Additionally, the fact that VHC, ANV, GEX… traded positively but closed below expectations is also a negative point for the market.

– We are observing one-session price increases, as in the case of DGC, meaning the market has not yet created a price rotation. Therefore, in the short term, it is probably important to observe cautiously before participating in price rallies, as high-price supply pressure is outweighing demand.

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SOURCE: AAS RESEARCH