Technical Signals for VN-Index
In the morning trading session of September 16, 2024, the VN-Index witnessed a decline, coupled with stagnant trading volume, indicating the investors’ dilemma.
Presently, the VN-Index exhibits a death cross between the 50-day SMA and the 100-day SMA, while the MACD indicator continues to diverge from the signal line after previously triggering a sell signal, suggesting that the medium-term optimistic outlook is gradually fading.
Technical Signals for HNX-Index
During the trading session of September 16, 2024, the HNX-Index experienced a drop, along with a slight decline in trading volume in the morning session, reflecting investors’ uncertainty.
Additionally, the HNX-Index is retesting the Fibonacci Projection 23.6% threshold (corresponding to the 226-230 point region) as the Stochastic Oscillator persists in its downward trajectory after issuing a prior sell signal. Should the index fall below this support level, the risk of a downward adjustment in subsequent sessions heightens.
BMP – Binh Minh Plastic Joint Stock Company
On the morning of September 16, 2024, BMP extended its winning streak to five consecutive sessions, accompanied by above-average trading volume, indicating active participation from investors.
Moreover, the stock price closely follows the upper band of the Bollinger Bands, while the MACD indicator sustains its upward trajectory after generating a prior buy signal, reinforcing the strength of the stock’s current trend.
However, as the stock price approaches the April 2024 peak region (approximately 115,000-120,000), profit-taking and volatility may occur in the upcoming sessions.
DPM – Petrochemical and Oil Stock Fertilizer Corporation
On September 16, 2024, DPM witnessed a surge and formed a Rising Window candlestick pattern, accompanied by trading volume surpassing the 20-session average, reflecting investors’ optimism.
Additionally, the Stochastic Oscillator triggers a buy signal, suggesting that short-term bullish prospects are emerging.
Technical Analysis Department, Vietstock Consulting
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