Technical signals of VN-Index
In the morning trading session on February 29, 2024, VN-Index fell back after several strong bullish sessions, with above-average volume of the past 20 days indicating the presence of profit-taking pressure.
Furthermore, the Stochastic Oscillator showed a sell signal in the overbought zone. This indicates that the risk of a correction will be quite high in the near future.
Technical signals of HNX-Index
In the trading session on February 29, 2024, HNX-Index declined with increasing trading volume in the morning session, indicating investor sentiment was not optimistic.
In addition, the index is retesting the previous peak in January 2024 (equivalent to the range of 231-235 points), so there is a high likelihood of continued differentiation and tug-of-war at this level.
MSN – Masan Group Joint Stock Company
In the morning session on February 29, 2024, MSN surged strongly, accompanied by the Rising Window candlestick pattern and breakthrough trading volume surpassing the 20-day average, indicating optimistic investor sentiment.
In addition, the price of MSN continued to rise and retested the long-term downtrend trendline, with the MACD continuing to move upwards after a buy signal appeared, indicating that the upward trend is being further consolidated.
Currently, the stock price of MSN is testing the Fibonacci Projection 50% level (equivalent to the range of 69,900-73,500). This range is also the previous bottom in May-September 2023, so there is a high likelihood of volatility at this level in the upcoming sessions.
VDS – Dragon Capital Securities Joint Stock Company
In the morning trading session on February 29, 2024, VDS continued to rise after the appearance of a Golden Cross signal between the 50-day SMA and 100-day SMA, accompanied by volume surpassing the 20-day average, indicating maintained bullish prospects.
In addition, the MACD continued to move upwards after a buy signal reappeared, while the ADX is increasing above the 30 level, indicating a strong upward trend has formed.
Currently, the stock price of VDS has surpassed the previous peak in September 2023 (equivalent to the range of 18,500-19,100). This will be a strong support zone for this stock in the near future.
Technical Analysis Department, Vietstock Advisory Department
