Tag: Saigon Capital

The VN-Index extended its losing streak to a sixth consecutive session, dipping below the Middle line of the Bollinger Bands. Short-term prospects face mounting challenges as the Stochastic Oscillator continues to weaken, retreating from overbought territory.

At the close of trading, the VN-Index climbed 14.06 points (+0.77%) to reach 1,829.04, while the HNX-Index rose 3.41 points (+1.35%) to 256.13. Market breadth favored the bulls, with 476 gainers outpacing 292 decliners. The VN30 mirrored this trend, boasting 19 advancers, 9 decliners, and 2 unchanged stocks.

The VN-Index paused its upward momentum upon reaching the 1,900-point threshold. Shaking pressures are likely to persist as the Stochastic Oscillator continues to weaken, following a sell signal.