Technical Signals for the VN-Index
During the trading session on the morning of September 10, 2024, the VN-Index witnessed a decline, accompanied by a slight increase in trading volume. This indicates a lack of optimism among investors.
At present, the VN-Index is testing the Middle line of the Bollinger Bands, while the Stochastic Oscillator indicator continues to show a sell signal and has fallen out of the overbought zone. If the index falls below this support level, the risk of a downward adjustment is likely to increase in the upcoming sessions.
Technical Signals for the HNX-Index
On September 10, 2024, the HNX-Index also experienced a decline and formed a High Wave Candle pattern, while the trading volume slightly decreased. This reflects investors’ hesitation.
Additionally, the HNX-Index failed to retest the 38.2% Fibonacci Projection level (corresponding to the 233-237 point region) as the MACD indicator continues to diverge from the Signal line after previously giving a sell signal. This suggests that the short-term outlook remains pessimistic.
BAF – BAF Vietnam Agricultural Joint Stock Company
On the morning of September 10, 2024, BAF witnessed a strong surge and formed a Rising Window candlestick pattern, accompanied by above-average trading volume. This indicates active participation from investors.
Furthermore, the stock price is testing the group of SMA 50 and SMA 100 day moving averages, while the Stochastic indicator has provided a buy signal again. If the stock price successfully breaks above this resistance zone, an optimistic mid-term scenario is likely to unfold in the upcoming period.
NTP – NTP Plastic Joint Stock Company
During the morning session of September 10, 2024, NTP witnessed an increase in its stock price, along with a trading volume that surpassed the 20-session average, indicating a positive sentiment among investors.
Additionally, the stock price is testing the Middle line of the Bollinger Bands, and the MACD indicator is narrowing the gap with the Signal line after previously giving a sell signal. If a buy signal reappears in the upcoming sessions, the short-term upward trend is likely to resume.
Technical Analysis Team, Vietstock Consulting Department
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