Technical Signals for VN-Index
During the trading session on the morning of October 15, 2024, the VN-Index declined, alongside a significant increase in trading volume. This indicates a pessimistic sentiment among investors.
At present, the index is fluctuating around the Middle Bollinger Band, as the Bollinger Bands are narrowing (Bollinger Squeeze). This suggests that the sideways trend is likely to persist.
Technical Signals for HNX-Index
On October 15, 2024, the HNX-Index witnessed a decline, along with a notable surge in trading volume, reflecting investors’ pessimistic sentiment.
Additionally, the HNX-Index is retesting the September 2024 low (around 228-232 points) while the Stochastic Oscillator continues downward, following a previous sell signal. Should the index break below this support area, the downside risk could heighten in upcoming sessions.
BID – Joint Stock Commercial Bank for Investment and Development of Vietnam
On the morning of October 15, 2024, BID witnessed an increase in its stock price, accompanied by a trading volume that surpassed the 20-session average, indicating optimistic investor sentiment.
Furthermore, the stock price is retesting the 38.2% Fibonacci Projection level (approximately 50,700-52,300), while the MACD indicator has generated a buy signal. Should the stock price successfully breach this resistance zone, a short-term bullish scenario could unfold in the upcoming sessions.
PLX – Vietnam Oil and Gas Group
During the morning session of October 15, 2024, PLX experienced a decline in its stock price, coupled with a significant increase in trading volume that exceeded the 20-session average, reflecting investors’ pessimistic outlook.
Additionally, the stock price extended its downward trajectory after falling below the 100-day SMA, while the Stochastic Oscillator maintains its previous sell signal, suggesting that the bearish prospect could persist in the near term.
Vietstock Consulting’s Technical Analysis Team
Gold is Alluring, but What’s Drawing Investors to Equities?
Gold has been a significant competitor to stocks as an investment avenue in recent times, but the stock market also boasts elements that can boost cash flow in the future.
Will VN-Index Break Through the 1,300-Point Resistance in October?
The TPS Research securities analysis center is bullish on the VN-Index surpassing the 1,300-point mark, heralding a new upward trend in October. This presents a prime opportunity for investors to capitalize on the potential influx of funds into the banking and securities sectors.
Are Stocks Running Out of Steam for the Final Quarter?
The VN-Index is poised to surpass the 1,300-point mark by the end of the year, according to experts. However, they caution that this upward trajectory may not be sustainable in the long run if it is not supported by fundamental factors.
The Stock Market Surge: A Surprising Rise with Liquidity Still Lacking
The VN-Index witnessed a significant decline during the afternoon session, plunging below the reference level due to substantial pressure from the blue-chip group. While bottom-fishing funds became more active at lower price levels, facilitating the recovery of many stocks, the buying momentum failed to adequately spread across the market, resulting in today’s overall liquidity dipping to a 14-session low.
The Golden Conundrum: Where Will Money Flow as Property Prices Rise, Stocks Fluctuate, and Gold Soars?
According to economic experts, the real estate market remains an attractive investment avenue, despite a lack of significant momentum at present. This prediction stands in contrast to the potential decline in gold prices expected later this year.
