Technical Signal of VN-Index
In the morning trading session on February 19, 2024, VN-Index gained points and continued to stay close to the Upper Band of Bollinger Bands, indicating that the optimistic outlook still exists.
Trading volume increased significantly in the morning session, and it is expected to exceed the 20-day moving average when the session ends, indicating that investors have become more active in trading.
In addition, the MACD indicator continues to move upward after giving a buy signal, indicating that the upward momentum will continue to be strengthened.
Technical Signal of HNX-Index
In the trading session on February 19, 2024, HNX-Index slightly decreased while displaying a candlestick pattern similar to Inverted Hammer, indicating that selling pressure is still relatively high.
However, the ADX indicator continues to weaken and is below the level of 20, indicating that the current trend is very weak and it is likely that the index will continue to fluctuate in the coming period.
Currently, the index is testing the upper edge (equivalent to the range of 233-235 points) of the Ascending Triangle pattern. If there is an improvement, the price target will be in the range of 248-250 points.
POW – PetroVietnam Power Corporation
In the morning session on February 19, 2024, the stock price of POW increased while displaying a long-bodied candlestick pattern accompanied by a breakthrough in trading volume and surpassing the 20-day moving average, indicating that investors have become more active in trading again.
In addition, the MACD indicator has given a buying signal and is above the level of 0, indicating that the recovery momentum continues to be strengthened.
The stock POW is currently retesting the Neckline (equivalent to the range of 11,700-12,000) of the Three Bottom pattern. If POW successfully surpasses this range in the upcoming sessions, the potential price target can reach the range of 12,600-12,800.
VHM – Vinhomes Joint Stock Company
In the morning trading session on February 19, 2024, the stock price of VHM increased significantly while displaying a Rising Window candlestick pattern accompanied by continuously increasing trading volume and surpassing the 20-day moving average in recent sessions, indicating a very optimistic sentiment among investors.
In addition, the Stochastic Oscillator has given a buying signal and is moving upward after exiting the oversold zone, indicating that the short-term positive outlook still exists.
Currently, the price of VHM has broken above the upper edge of the Triangle pattern. If the upward momentum continues to be maintained in the coming period, the price target can be in the range of 53,100-54,700.
Technical Analysis Department, Vietstock Advisory Division
