Technical signal of VN-Index
In the morning trading session on March 18, 2024, VN-Index decreased, and at the same time, a candlestick pattern resembling Black Marubozu appeared, cutting below the Middle line of Bollinger Bands, indicating investors’ pessimistic sentiment.
In addition, the Stochastic Oscillator continues to trend downward after giving a sell signal, indicating that the risk of adjustment still exists.
Technical signal of HNX-Index
In the trading session on March 18, 2024, HNX-Index declined sharply, and a long red candlestick with high trading volume in the morning session surpassed the 20-day average, indicating investors’ negative sentiment.
The MACD and Stochastic Oscillator also give a sell signal, suggesting that selling pressure may continue in the following sessions.
DIG – Development Investment Construction Corporation
In the morning trading session on March 18, 2024, the stock price of DIG continued to rise with trading volume in the morning session exceeding the 20-day average, reflecting investors’ optimistic sentiment.
The stock price continues to recover within the Bullish Price Channel, as the MACD and Stochastic Oscillator have shown a buy signal, indicating positive prospects.
However, the stock price is also facing supply pressure when testing the Fibonacci Retracement level of 61.8% (equivalent to the range of 29,500-30,500).
DPG – Dat Phuong Group Joint Stock Company
In the morning session on March 18, 2024, DPG stock formed a Rising Window pattern with high trading volume exceeding the 20-day average, indicating investors’ positive sentiment.
The stock price continues to rise after the Golden Cross pattern appeared, as the MACD gave a buy signal when crossing above the Signal line, indicating a quite optimistic outlook.
In a positive scenario, the stock price could continue to move towards the next target price level at the Fibonacci Retracement level of 38.2% (equivalent to the range of 46,500-47,500).
Technical Analysis Department, Vietstock Advisory Department
