Technical Signals of VN-Index
In the morning trading session on March 01, 2024, VN-Index increased slightly with volume still lacking clear improvement, showing that investors’ sentiment is quite uncertain.
In addition, the Stochastic Oscillator is forming a bearish divergence in the overbought zone. The risk of correction will increase if selling signals reappear and the indicator falls out of this zone in the upcoming sessions.
Technical Signals of HNX-Index
In the trading session on March 01, 2024, HNX-Index increased with trading volume expected to exceed the 20-day moving average, reflecting investors’ moderately optimistic sentiment.
On the other hand, the MACD indicator continues to stay above 0 and is moving upwards, indicating that the outlook for HNX-Index is still quite positive.
Currently, the index has successfully broken above the upper edge (equivalent to the 232-235 range) of the Ascending Triangle pattern. If the upward momentum is maintained, the price target that can be achieved in the near future is the 248-251 range.
BSI – BIDV Securities Joint Stock Company
In the morning session on March 01, 2024, BSI stock soared, accompanied by the Rising Window candlestick pattern, while the MACD indicator has given a buy signal, indicating that the upward trend is further reinforced.
In addition, the trading volume has improved and exceeded the 20-session moving average, indicating more active trading by investors.
Currently, BSI has formed a strong upward trend and has surpassed the Neckline (equivalent to the 45,500-48,000 range) of the Rounding Bottom pattern. If the price continues to rise and surpasses the 100% Fibonacci Projection level, the potential price target is the 81,300-85,600 range.
DGW – Digiworld Corporation
In the morning trading session on March 01, 2024, the price of DGW stock increased after the appearance of a golden cross signal between the 50-day SMA and the 100-day SMA, while a candlestick pattern resembling Marubozu indicated investors’ optimistic sentiment.
The trading volume has shown a breakthrough and exceeded the 20-session moving average, indicating a large amount of capital returning to this stock.
In addition, the MACD and Stochastic Oscillator have given buy signals, suggesting that the positive trend will continue in the near future.
Technical Analysis Department, Vietstock Advisory Division
