Technical Analysis for Afternoon Session on 04/23: Cautious Sentiment Persists

The VN-Index and HNX-Index fell across the board, and there was no significant improvement in trading volume during the morning session, indicating that investors remain fairly cautious.

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**English Version:**

Technical Signals of VN-Index

In the morning trading session on April 23, 2024, the VN-Index fell with liquidity showing no clear improvement. This suggests that investors remain cautious in trading.

Currently, the index is supported by the 100-day SMA 100 and the SMA 200-day, which also marks the bottom of August 2023 (equivalent to the 1,150-1,175 point range). In the following sessions, if the VN-Index rebounds, the outlook for the medium-term trend will be brighter.

Technical Signals of HNX-Index

In the trading session on April 23, 2024, the HNX-Index fell and trading volume decreased in the morning session, indicating that investor sentiment is quite cautious.

Currently, the index is retesting the 23.6% Fibonacci Projection (equivalent to the 222-227 point range) while the Stochastic Oscillator indicator is in the oversold zone. If the indicator shows a buy signal again in the upcoming sessions, the short-term outlook will be more positive.

GMD – Gemadept Corporation

In the morning session on April 23, 2024, GMD fell and a Black Marubozu candlestick pattern appeared with a sharp increase in volume, suggesting that it will exceed the 20-day average when the session ends.

Moreover, the Bollinger Bands are continuing to narrow as the ADX indicator is in the gray zone (20<>

TCB – Vietcombank

In the morning session on April 23, 2024, TCB rose sharply, crossing above the Middle Bollinger Band line, indicating that the outlook is becoming positive again.

Volume increased sharply, with the expectation of exceeding the 20-day average at the end of the session, indicating that investors are trading quite actively.

Currently, the stock price has rebounded after retesting the lower edge of the Bullish Price Channel, indicating that the positive trend is still holding.

Technical Analysis Department, Vietstock Advisory

SOURCEvietstock
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