Technical Signals for VN-Index
During the morning trading session of August 21, 2024, the VN-Index witnessed a price increase alongside the formation of a Doji candlestick pattern. This occurred in conjunction with a significant rise in trading volume, indicating investors’ indecision in the market.
Currently, the VN-Index remains above the 50-day SMA and 100-day SMA after a previous upward crossover. The MACD indicator continues to trend higher, providing a previous buy signal. If the recovery momentum is sustained, the medium-term optimistic outlook will be further reinforced.
Technical Signals for HNX-Index
On August 21, 2024, the HNX-Index experienced a minor decline, while trading volume surged during the morning session, reflecting investors’ uncertainty.
Additionally, the HNX-Index is retesting its previous low from June 2024 (around the 235-240 point region) as the Stochastic Oscillator indicator maintains its upward trajectory after generating a buy signal. Should the buy signal be sustained and the index successfully surpasses this resistance zone, the recovery scenario could extend into upcoming sessions.
FRT – FPT Digital Retail Joint Stock Company
On the morning of August 21, 2024, FRT witnessed a strong upward surge, forming a Rising Window candlestick pattern, and trading volume surpassed the 20-session average, indicating active participation from investors.
Furthermore, the share price rallied after crossing above the Middle line of the Bollinger Bands, and the MACD indicator continues to widen its gap with the Signal line, providing additional confirmation of the stock’s current bullish trend.
POW – Vietnam Oil and Gas Power Joint Stock Company
During the morning session of August 21, 2024, POW witnessed a price increase alongside a substantial surge in trading volume, expected to exceed the 20-day average by the session’s end, reflecting investors’ optimism.
Additionally, the share price broke out of its short-term downward trendline as the Stochastic Oscillator indicator maintained its upward trajectory, providing a previous buy signal. This suggests that a recovery scenario could unfold in the upcoming sessions.
Technical Analysis Team, Vietstock Consulting Department
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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.
