Technical signals of VN-Index
During the trading session of May 3, 2024, VN-Index continued to surge after testing the SMA 100-day group and SMA 200-day simultaneously, while a Three White Soldiers candlestick pattern emerged, indicating that a positive outlook in the short term still exists.
Besides, the Stochastic Oscillator indicator continues to go up after crossing over the oversold area, so there is a possibility that this recovery phase will be maintained in the following sessions.
However, the trading volume decreased slightly in the morning session, reflecting investors’ indecisive sentiment. If this factor improves, the uptrend will be further strengthened.
Technical signals of HNX-Index
During the trading session of May 3, 2024, HNX-Index increased points, with trading volume slightly decreasing in the morning session, indicating that investors are quite cautious.
Currently, the index is testing the Fibonacci Projection 23.6% level (equivalent to the 221-229 point zone) in the context of the MACD indicator narrowing the gap with the signal line. If the indicator gives a buy signal again, the short-term outlook will be more optimistic.
HPG – Hoa Phat Group Corporation
In the morning session of May 3, 2024, HPG increased in price, accompanied by a significant increase in trading volume in the morning session, indicating that investors’ sentiment is quite optimistic.
Besides, the MACD indicator gives a buy signal again, indicating that a positive scenario is gradually emerging.
PDR – Phat Dat Real Estate Development Corporation
In the morning session of May 3, 2024, PDR increased in price with a significant increase in trading volume in the morning session and the author expects it to exceed the 20-day average when closing, indicating that investor sentiment is gradually becoming more optimistic.
Besides, the stock price is being supported quite well by the SMA 200-day line (equivalent to the 25,500-27,500 zone) in the context of the Stochastic Oscillator indicator going up after giving a buy signal in the oversold zone. If the indicator continues to maintain the buy signal and climbs above this zone, the long-term outlook will be more optimistic.
Technical Analysis Department, Vietstock Consulting
