Technical Signals for VN-Index
In the trading session on the morning of August 15, 2024, the VN-Index declined, along with a slight drop in trading volume, indicating a cautious sentiment among investors.
Currently, the VN-Index is retesting the Fibonacci Projection 23.6% threshold (corresponding to the 1,225-1,235 point region) while the MACD indicator continues its upward trajectory after previously signaling a buy. If the buy signal is sustained and the index successfully surpasses this resistance level, a recovery scenario may unfold in the upcoming sessions.
Technical Signals for HNX-Index
During the trading session on August 15, 2024, the HNX-Index witnessed a decline, coupled with a slight decrease in trading volume, reflecting investors’ cautious attitude.
Additionally, the Stochastic Oscillator indicator maintains its upward trajectory after generating a previous buy signal, suggesting that the pessimistic outlook has softened.
BFC – Binh Dien Fertilizer Joint Stock Company
On the morning of August 15, 2024, BFC experienced a significant price drop and formed a Black Marubozu candlestick pattern, accompanied by a substantial decline in trading volume, indicating investors’ pessimistic sentiment.
Furthermore, the stock price failed to successfully retest the Fibonacci Projection 100% threshold (corresponding to the 44,500-46,500 range) as the MACD indicator persisted in its downward trajectory after previously signaling a sell. This suggests that the corrective trend is likely to extend into the upcoming sessions.
HDB – Ho Chi Minh City Development Joint Stock Commercial Bank
On the morning of August 15, 2024, HDB witnessed a price increase, accompanied by a notable surge in trading volume, reflecting investors’ optimism.
Additionally, the stock price remains close to the upper band of the Bollinger Bands, and the Stochastic Oscillator indicator continues its upward trajectory after generating a previous buy signal. This reinforces the short-term bullish prospects for the stock.
Technical Analysis Department, Vietstock Consulting
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Bank stocks sold off heavily
Today (2/2), the VN-Index continues to rise, but in a cautious trading atmosphere. It is noteworthy that most banking stocks in the VN30 basket are facing strong selling pressure.
