Technical Signals for the VN-Index
In the morning trading session of August 30, 2024, the VN-Index witnessed an increase in points, while volume declined, indicating investors’ cautious sentiment.
Currently, the VN-Index is advancing towards retesting the June 2024 high (equivalent to the 1,290-1,310 point region) as the ADX indicator moves within the gray area (20 < ADX < 25).
Technical Signals for the HNX-Index
On August 30, 2024, the HNX-Index witnessed a slight decline in points, accompanied by a significant increase in trading volume during the morning session, reflecting investors’ uncertainty.
Additionally, the HNX-Index is testing the group of the 50-day and 100-day SMA while the Stochastic Oscillator indicator has generated a sell signal in the overbought region. If the indicator falls below this support level, the risk of a downward adjustment in the upcoming sessions will increase.
DGC – Duc Giang Chemical Group JSC
During the morning session of August 30, 2024, DGC’s share price increased, and trading volume surpassed the 20-session average, indicating investors’ optimism.
Moreover, the share price rebounded after crossing above the Middle line of the Bollinger Bands, while the MACD indicator continues to rise and previously generated a buy signal, further reinforcing the stock’s current upward trend.
TIG – Thang Long Investment Group JSC
On the morning of August 30, 2024, TIG’s share price increased, and liquidity surpassed the 20-session average, reflecting investors’ optimism.
Additionally, the share price is finding support from the 200-day SMA, and the Stochastic Oscillator indicator continues to rise after previously generating a buy signal, indicating the long-term optimistic outlook remains intact.
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.
