Tag: “People’s Artisan”

The VN-Index took investors on a wild ride as it breached the 1,300-point threshold in the early afternoon session, only to swiftly rebound and close at 1,307.8 points, a gain of 4.84 points. This dramatic turnaround came after a pressured morning session that saw the index hovering just above the 1,300 mark.

The VN-Index declined, sustaining a tug-of-war stance as the High Wave Candle pattern emerged. This reflects investors' cautious sentiment as the index retests the old peak from October 2024 (1,290-1,305 points territory). Unless the index breaks out of this range soon, a resumption of the downward trend is highly likely. Notably, the Stochastic Oscillator is venturing deep into overbought territory, suggesting a sell signal in the upcoming sessions. Should this materialize, the risks of a market correction intensify.

The VN-Index continued its impressive upward trajectory, closely hugging the upper band of the Bollinger Bands. Accompanying this rise was a trading volume above the 20-week average, indicative of strong participation and a healthy flow of capital into the market. However, the index's persistent volatility last week revealed that the 1,300-point mark is a significant resistance level. For the VN-Index to sustain its bullish momentum, breaking through this threshold in the coming period is essential.