Technical Analysis Afternoon Session 04/12: Aiming for the October 2025 High

The VN-Index has paused its upward momentum but remains close to the Upper Band of the Bollinger Bands, while the MACD continues its ascent. Meanwhile, the HNX-Index has rebounded after retesting its November 2025 low (around the 255-259 point range).

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Technical Signals of VN-Index

During the morning trading session on December 4, 2025, the VN-Index paused its upward momentum but remained close to the Upper Band of the Bollinger Bands, with the MACD continuing its ascent.

The index is now approaching its October 2025 peak (equivalent to the 1,760-1,795 point range). This will be a significant challenge in the final weeks of the year.

Technical Signals of HNX-Index

In the morning session on December 4, 2025, the HNX-Index rebounded after testing its November 2025 low (around 255-259 points).

The MACD indicator has issued a buy signal. If the Stochastic Oscillator follows suit in upcoming sessions, the short-term outlook will be highly positive.

ACB – Asia Commercial Bank

In the morning session on December 4, 2025, ACB shares continued to rise, accompanied by a small-bodied candlestick pattern indicating investor hesitation.

A Death Cross between the 50-day SMA and 100-day SMA has emerged, suggesting that medium-term prospects remain uncertain.

Additionally, ACB’s price is retesting its medium-term downtrend line, while the MACD has issued a buy signal but remains below zero. This indicates that ACB’s short-term recovery will face challenges ahead.

VND – VNDIRECT Securities Corporation

VND shares rose for the third consecutive session on December 4, 2025, forming a Three White Soldiers candlestick pattern, reflecting continued investor optimism.

VND’s price continued its recovery after retesting the 200-day SMA, while the Stochastic Oscillator has exited the oversold zone and issued a buy signal, further supporting the short-term outlook.

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

Technical Analysis Department, Vietstock Advisory Division

– 12:06 December 4, 2025

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