MARKET REVIEW FOR THE WEEK OF 11/25/2024 – 11/29/2024
During the week of 11/25/2024 – 11/29/2024, the VN-Index continued its upward trend from the previous week, forming a White Marubozu candlestick pattern. Additionally, the index rose above the 20-week SMA, indicating increasing investor optimism.
However, the MACD indicator is signaling a sell-off, and there is a possibility of it falling to the 0 threshold. If the indicator cuts down to this level, the risk of a short-term correction will increase.
TECHNICAL ANALYSIS
Trend and Price Oscillation Analysis
VN-Index – Approaching the 61.8% Fibonacci Projection Level
On November 29, 2024, the VN-Index rose and remained above the Middle Bollinger Band, while trading volume recovered compared to the previous session, indicating a short-term recovery outlook. The index is approaching the 61.8% Fibonacci Projection level (equivalent to the 1,250-1,260-point region) as the ADX indicator continues to move in the gray area (20<>
HNX-Index – Formation of a White Marubozu Candlestick Pattern
On November 29, 2024, the HNX-Index rose, forming a White Marubozu candlestick pattern, accompanied by increased trading volume that surpassed the 20-session average, reflecting improved investor sentiment. Meanwhile, the index rose above the Middle Bollinger Band, and the MACD indicator signaled a buy opportunity, suggesting a positive short-term outlook.
Money Flow Analysis
Smart Money Flow Variation: The Negative Volume Index indicator for the VN-Index fell below the 20-day EMA. If this condition persists in the next session, the risk of a sudden downturn (thrust down) will increase.
Foreign Capital Flow Variation: Foreign investors continued net buying on November 29, 2024. If foreign investors maintain this stance in the coming sessions, the outlook will become even more optimistic.
Technical Analysis Department, Vietstock Consulting
Technical Analysis for the Session on November 29: Investor Sentiment Continues to Improve
The VN-Index and HNX-Index both climbed, with a notable surge in trading liquidity during the morning session, indicating a positive shift in investor sentiment.
The Roaring Tide of Insurance Stocks: What’s the Driving Force?
Similar to the end of August this year, insurance stocks once again reacted strongly to the news of the State Bank “loosening credit room”.
Market Beat: Telecoms Rebound, VN-Index Surges Over 8 Points
The market ended the session on a positive note, with the VN-Index climbing 8.35 points (0.67%) to reach 1,250.46, while the HNX-Index gained 1.07 points (0.48%), closing at 224.64. The market breadth tilted in favor of buyers, with 402 tickers advancing against 279 declining ticks. The VN30 basket painted a similar picture, as bulls dominated with 21 gainers, 6 losers, and 3 unchanged stocks, ending the day in the green.
Stock Market Week of Nov 25-29, 2024: Foreign Investors Maintain Net Buying
The market remains cautious despite a strong recovery in the VN-Index last week. Trading volume needs to improve in the coming period to sustain this upward momentum. Notably, consecutive net buying by foreign investors is a positive signal that bodes well for the VN-Index’s outlook.
Market Beat October 10th: Fading Momentum, VN-Index Climbs but Leaves Investors Wanting More
The VN-Index experienced an eventful trading session, starting on a positive note and even flirting with the 1,295-point mark. However, it gradually lost momentum during the afternoon session, unable to sustain the early gains. Despite the intraday volatility, the VN-Index continued its recovery trend, building on the positive movement seen in recent days.
