Technical Signals for the VN-Index
In the morning trading session of August 14, 2024, the VN-Index gained points and witnessed the formation of a Doji candlestick pattern. The slight decline in trading volume indicated that investors were cautious in their transactions.
At present, the VN-Index is testing the Middle line of the Bollinger Bands. Meanwhile, the Stochastic Oscillator continues to trend upward after generating a buy signal earlier. If the buy signal is sustained and the index successfully surpasses the upper resistance level, a short-term recovery scenario may unfold in the upcoming sessions.
Technical Signals for the HNX-Index
On August 14, 2024, the HNX-Index declined, accompanied by a slight decrease in trading volume during the morning session, reflecting investors’ cautious sentiment.
Additionally, the HNX-Index is retesting the Fibonacci Projection 23.6% level (corresponding to the 221-226 point region) while the MACD indicator has provided a buy signal again. If the buy signal is maintained, a short-term recovery scenario may resume in the forthcoming sessions.
MSN – Masan Group Joint Stock Company
During the morning session of August 14, 2024, MSN witnessed an increase in its stock price, accompanied by a trading volume that surpassed the 20-session average, indicating investors’ optimism.
Furthermore, the stock price rebounded and climbed above the 50-day SMA while the Stochastic Oscillator maintained its upward trajectory after generating a buy signal earlier, suggesting that the mid-term optimistic outlook is gradually returning.
LAS – Lam Thao Fertilisers and Chemicals Joint Stock Company
On the morning of August 14, 2024, LAS witnessed an increase in its stock price along with a significant surge in trading volume during the morning session, expected to surpass the 20-day average by the end of the day, reflecting investors’ optimism.
Additionally, the stock price continued its upward momentum after breaking above the Middle line of the Bollinger Bands, while the MACD indicator generated a buy signal. This suggests that a short-term recovery scenario may unfold in the upcoming sessions.
Technical Analysis Department, Vietstock Consulting
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Bank stocks sold off heavily
Today (2/2), the VN-Index continues to rise, but in a cautious trading atmosphere. It is noteworthy that most banking stocks in the VN30 basket are facing strong selling pressure.
