Technical signal of VN-Index
In the morning trading session on 11/03/2024, VN-Index slightly increased with relatively low trading volume in the morning session, reflecting cautious sentiment of investors.
In addition, both MACD and Stochastic Oscillator indicators are giving sell signals and going downwards. Therefore, the prospect of VN-Index is still quite dull.
Technical signal of HNX-Index
In the trading session on 11/03/2024, HNX-Index showed a fluctuating movement around the reference level, with trading volume maintained at a low level, indicating more cautiousness of investors.
However, the %K line and the %D line of the Stochastic Oscillator indicator are narrowing the distance after falling out of the overbought zone. This shows that the risk of correction is increasing.
ANV – Nam Viet Corporation
In the morning trading session on 11/03/2024, the stock price of ANV slightly increased in the accumulation phase with a volume expected to exceed the 20-day average, indicating optimistic sentiment of investors.
A golden cross appeared between the 50-day SMA line and the 100-day SMA line, signaling a medium-term uptrend.
Currently, the stock price of ANV is consolidating above the 61.80% Fibonacci Projection level, which will be an important support level for the stock in the near future.
PHR – Phuoc Hoa Rubber Corporation
In the morning session on 11/03/2024, the stock price of PHR increased strongly and formed a long-bodied candlestick pattern after a consolidation period from mid-February 2024 until now (equivalent to 55,000 – 57,000), reflecting optimistic sentiment of investors.
The trading volume has experienced a sudden increase in the morning session and exceeded the 20-day average, indicating active trading by investors.
In addition, the MACD indicator is narrowing the distance with the Signal line. If the indicator shows a buy signal and the uptrend is confirmed.
Technical Analysis Department, Vietstock Advisory Department
