Technical Signals for the VN-Index
During the trading session on the morning of October 8, 2024, the VN-Index witnessed a decline, along with a significant increase in trading volume. This indicates a pessimistic sentiment among investors.
At present, the VN-Index is testing the Fibonacci Projection 38.2% threshold (corresponding to the 1,265-1,275 point region) while the MACD indicator continues its downward trajectory after previously triggering a sell signal. If the index falls below this support level, a short-term corrective scenario may unfold in the upcoming sessions.
Technical Signals for the HNX-Index
On October 8, 2024, the HNX-Index experienced a drop and formed a High Wave Candle pattern, accompanied by a notable surge in trading volume during the morning session, reflecting investors’ pessimistic outlook.
Additionally, the Stochastic Oscillator indicator maintains its downward trajectory after generating a prior sell signal, suggesting that short-term optimistic prospects are not yet likely to resurface in the forthcoming sessions.
BAF – Vietnam Agricultural Products Joint Stock Company
On the morning of October 8, 2024, BAF witnessed a price increase, along with a significant surge in trading volume, expected to surpass the 20-day average by the session’s end. This indicates an optimistic sentiment among investors.
Furthermore, the stock price continues to closely follow the upper band of the Bollinger Bands, while the MACD indicator is consistently widening the gap with the signal line after a previous buy signal, further reinforcing the strength of the current stock trend.
LPB – Loc Phat Bank
On October 8, 2024, LPB experienced a strong price increase and formed a White Marubozu candle pattern, accompanied by above-average trading volume, indicating active participation from investors.
Additionally, the stock price established a new 52-week high, and the Stochastic Oscillator indicator generated a fresh buy signal, suggesting that medium-term optimistic prospects are gradually materializing.
Technical Analysis Team, Vietstock Consulting Department
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The VN-Index: A Fleeting Triumph Over 1,300 Points
As of mid-year, the VN-Index has repeatedly failed to conquer the 1,300-point threshold. This has had a notable impact on the short-term psychology of investors, causing a ripple of uncertainty and hesitation in the market.
The Foreign Buying Frenzy Continues: Massive Investments in Vietnam’s Stock Market
Foreign trading activities were positive, with a net buy of 2.3 trillion VND across the market.
