Technical Signals for the VN-Index
During the trading session on the morning of October 7, 2024, the VN-Index witnessed a rise in points, while trading volume saw a significant drop. This indicates the investors’ perplexity.
At present, the VN-Index continues to test the Middle Bollinger Band, while the MACD indicator relentlessly expands its gap with the Signal line after previously triggering a sell signal. If the index falls below this support level, the short-term corrective scenario may resurface in upcoming sessions.
Technical Signals for the HNX-Index
On October 7, 2024, the HNX-Index witnessed a surge in points and the emergence of a High Wave Candle pattern, while trading volume plummeted during the morning session, indicating investors’ perplexity.
Additionally, the HNX-Index is retesting its September 2024 low (equivalent to the 228-231-point region) as the Stochastic Oscillator indicator continues its downward trajectory after triggering a sell signal earlier. Should the index break below this support zone, the risk of corrections will heighten in the upcoming sessions.
EIB – Vietnam Export Import Commercial Joint Stock Bank
On the morning of October 7, 2024, EIB witnessed a surge in price alongside a notable spike in trading volume, expected to surpass the 20-day average by the session’s end, reflecting investors’ optimism.
Additionally, the stock price exhibits a Golden Cross between the 50-day and 100-day SMA, while the MACD indicator maintains its upward trajectory after previously triggering a buy signal, indicating the emergence of positive mid-term prospects.
HDG – Hanoi Construction Corporation
During the morning session on October 7, 2024, HDG witnessed a price surge alongside a substantial drop in trading volume, indicating investors’ perplexity.
Additionally, the stock price is retesting the Fibonacci Projection 38.2% threshold (equivalent to 27,200-28,000). In a cautious scenario, should the stock price fall below this support level, short-term corrective risks may materialize in the upcoming sessions.
Vietstock Consulting’s Technical Analysis Department
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Self-managed securities firms recorded their sixth consecutive net-buying session in the October 8 session, with a value of over 94 billion VND, while foreign investors offloaded over 389 billion VND worth of shares, marking their third straight net-selling session.
The Ultimate Guide to Technical Analysis: Uncovering Market Sentiment
The VN-Index and HNX-Index both witnessed declines, alongside a significant surge in trading volume during the morning session, indicating a prevailing sense of pessimism among investors.
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