Technical analysis of the afternoon session on 02/02: Tug-of-war psychology emerges

The VN-Index narrowed its gains during the morning session as a candlestick pattern similar to a Doji appeared, indicating the investor's indecision.

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Technical signals of VN-Index

In the morning trading session on February 2, 2024, VN-Index narrowed its upward momentum compared to the morning session when a candlestick pattern similar to Doji appeared, showing the investors’ indecision.

In addition, the Stochastic Oscillator and MACD indicators have not given positive signals yet. This indicates that there is still a risk of adjustment.

Technical signals of HNX-Index

In the trading session on February 2, 2024, HNX-Index increased and a High Wave Candle candlestick pattern appeared, indicating the investors’ hesitation.

Currently, the ADX indicator continues to move below the 20 level, indicating that the index is likely to continue to fluctuate and move sideways in the coming sessions.

CII – Ho Chi Minh City Infrastructure Investment Corporation

In the morning trading session on February 2, 2024, the stock of CII rebounded after testing the medium-term uptrend line with improved volume. The writer expects it to surpass the 20-day average level by the end of the session.

Currently, a Golden Cross signal has appeared between the 50-day and 100-day SMA lines. If this signal is maintained until the end of the session, the long-term prospects will be quite positive.

In addition, the Stochastic Oscillator has given a buying signal, indicating that the optimistic outlook is still present.

PDR – Phat Dat Real Estate Development Corporation

In the morning session on February 2, 2024, the stock price of PDR increased sharply and formed a long-bodied candlestick pattern with breakthrough volume above the 20-day average, reflecting the investors’ optimism.

In addition, the MACD and Stochastic Oscillator have given buy signals and are trending upwards, indicating that the upward trend is likely to continue to be reinforced.

Currently, the stock price of PDR has surpassed the 50% Fibonacci Projection level (equivalent to the range of 27,500-28,600) and set a new 52-week high. This will be a strong support level for this stock in the future.

Technical Analysis Department, Vietstock Advisory

SOURCEvietstock
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