Technical analysis – Afternoon session 15/02: Continued upward momentum

The VN-Index is experiencing a positive increase along with an expected trading volume that will surpass the 20-day average, indicating a strong influx of money.

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Technical signal of VN-Index

In the morning trading session on 02/15/2024, VN-Index showed positive growth along with an expected increase in trading volume that will exceed the 20-day average, indicating stronger market participation.

In addition, the MACD indicator has given a buy signal, suggesting that the current upward momentum will continue in the coming sessions.

Technical signal of HNX-Index

In the trading session on 02/15/2024, HNX-Index showed positive gains, and both the Stochastic Oscillator and MACD indicators continue to give buy signals, indicating a positive outlook.

However, the trading volume remains low and is expected to stay below the 20-day average after the end of the trading session.

KSB – Binh Duong Mineral and Construction Joint Stock Company

In the morning session on 02/15/2024, the stock of KSB surged after a Golden Cross appeared between the 50-day SMA and 100-day SMA, accompanied by continued trading volume above the 20-day average, indicating optimistic investor sentiment.

Currently, the stock price of KSB is well supported by the medium-term uptrend line, while the Stochastic Oscillator has shown a buy signal, suggesting a positive outlook.

In addition, KSB has broken above the Neckline of the Inverse Head and Shoulders pattern. If the price continues to surpass the Fibonacci Retracement 78.6% level (around the range of 31,000-32,000) in the near future, the potential price target is the range of 34,000-35,000.

MSB – Maritime Bank

In the morning trading session on 02/15/2024, the stock of MSB surged and formed a Rising Window candlestick pattern after consecutive Golden Crosses between the 50-day SMA, 100-day SMA, and 200-day SMA, indicating a positive outlook in the near future.

In addition, the trading volume has significantly increased and exceeded the 20-day average, indicating a strong inflow of money and active trading in recent sessions, which further confirms the current upward momentum.

The MACD indicator has given a buy signal and continues to stay above the zero level, suggesting a high likelihood of the upward trend being sustained in the coming sessions.

Technical Analysis Department, Vietstock Advisory