Technical Analysis for 08/09: Testing the Short-Term Trendline

The VN-Index continued its downward trajectory, inching closer to the short-term trendline support, which coincides with the 1,615-1,625 range. Meanwhile, the HNX-Index dipped below the middle band of the Bollinger Bands indicator, signaling potential further volatility in the market.

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Technical Signals for VN-Index

In the trading session on the morning of 08/09/2025, the VN-Index continued its sharp decline and is preparing to test the short-term trendline (equivalent to the 1,615-1,625 point range). The result of this test will determine the short-term trend.

Both the Stochastic Oscillator and MACD indicators have given sell signals, increasing the short-term risks.

Technical Signals for HNX-Index

In the trading session on the morning of 08/09/2025, the HNX-Index fell below the Middle line of the Bollinger Bands.

The strong resistance zone of 285-289 points (equivalent to the August 2025 peak) is currently a challenging hurdle to overcome in the short term.

BSR – Binh Son Refinery Joint Stock Company

In the trading session on the morning of 08/09/2025, BSR shares fell for the third consecutive session, forming a Three Black Crows candlestick pattern, indicating a rather pessimistic investor sentiment.

Currently, BSR’s price is testing the Middle line of the Bollinger Bands while the MACD indicator continues to decline after giving a sell signal. This suggests that the short-term downtrend is still present.

PDR – Phat Dat Real Estate Development Joint Stock Company

PDR shares declined in the trading session on the morning of 08/09/2025, forming a Three Black Crows candlestick pattern, indicating a less-than-positive investor sentiment.

Currently, PDR’s price has dropped below the Middle line of the Bollinger Bands, while trading volume in recent sessions has been erratic. If the situation does not improve, the negative scenario is likely to continue.

Additionally, the Stochastic Oscillator indicator has fallen out of the overbought zone after forming a bearish divergence and giving a sell signal, further adding to the short-term pessimism.

(*) Note: The analysis in this article is based on real-time data up to the end of the morning trading session. Therefore, the signals and conclusions are for reference only and may change when the afternoon trading session ends.

Technical Analysis Department, Vietstock Consulting

– 12:07 08/09/2025

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