Technical Signals of VN-Index
In the morning trading session on March 20, 2024, VN-Index slightly increased while exhibiting the High Wave Candlestick pattern, and the trading volume in the morning session continued to maintain at a low level, indicating the market’s indecisiveness.
VN-Index crossed below the Middle Bollinger Band amidst the Stochastic Oscillator signal continuing to trend downwards, signaling a bearish outlook in the short term.
Technical Signals of HNX-Index
In the trading session on March 20, 2024, HNX-Index fluctuated around the reference level and formed the Doji candlestick pattern along with low trading volume, indicating cautious investor sentiment.
In addition, the MACD indicator formed a sell signal by crossing below the Signal line, reflecting continued existing risks.
MWG – Mobile World Investment Corporation
In the morning trading session on March 20, 2024, the stock price of MWG increased significantly after forming a Golden Cross between the 50-day SMA and the 100-day SMA, and also surpassed the 200-day SMA, indicating optimistic prospects in the near future.
The trading volume showed improvement compared to the previous session, indicating increased investor activity.
The stock price rebounded from the lower edge of the Bullish Price Channel and is heading towards the target zone at the 61.8% Fibonacci Retracement level (equivalent to the range of 49,000-50,000).
VIB – Vietnam International Bank
In the morning session on March 20, 2024, the stock of VIB formed a long-bodied candlestick pattern along with trading volume in the morning session surpassing the 20-day average, indicating investor optimism.
The stock price is fluctuating within the Bullish Price Channel and also touching the 61.8% Fibonacci Retracement level (equivalent to the range of 23,300-23,700), which may lead to short-term volatility and adjustments.
In a positive scenario, the stock price could continue to move towards the target zone at the previous peak level in April 2022 (equivalent to the range of 27,000-27,500).
Technical Analysis Department, Vietstock Advisory
