VN-Index and HNX-Index have had opposite movements with increased trading volume in the context of Stochastic Oscillator giving a sell signal in the overbought zone, so the risk of correction is gradually increasing.
Technical signals of VN-Index
In the morning trading session on March 7, 2024, VN-Index decreased and appeared to be in a tug-of-war situation with an increase in trading volume in the morning session, showing investors' hesitation.
In addition, the gap between the MACD line and the Signal line continues to narrow. If the situation does not improve and the sell signal reappears, the outlook will be less optimistic.
Technical signals of HNX-Index
In the morning trading session on March 7, 2024, VN-Index decreased and appeared to be in a tug-of-war situation with an increase in trading volume in the morning session, showing investors' hesitation.
In addition, the gap between the MACD line and the Signal line continues to narrow. If the situation does not improve and the sell signal reappears, the outlook will be less optimistic.
Technical signals of HNX-Index
In the trading session on March 7, 2024, HNX-Index rebounded after testing the Middle line of Bollinger Bands with volume expected to exceed the 20-day average at the end of the session, showing that investors' sentiment is not too pessimistic.
However, the Stochastic Oscillator has given a sell signal in the overbought zone, so the risk of a correction may increase when the indicator falls out of this zone.
BCM (HM:BCM) – Industrial Development and Investment Corporation – JSC
In the morning session of March 7, 2024, BCM shares continued to increase with liquidity in the morning session exceeding the 20-session average, showing quite optimistic investor sentiment.
Besides, the MACD indicator continues to trend up after giving a buy signal again, suggesting that the recovery prospect is returning.
However, the Index, after breaking the long-term downtrend line, is retesting the 200-day SMA as the Stochastic Oscillator continues to form a bearish divergence. Since this is a long-term resistance, there is a high possibility that there will be short-term fluctuations in the coming sessions.
VCI (HM:VCI) – Vietcap Securities JSC
In the morning trading session of March 7, 2024, VCI stock price continued to increase strongly with the volume in the morning session exceeding the average threshold of the last 20 sessions, showing that this stock is attracting the attention of investors.
Besides, the MACD indicator continued to move up after giving a buy signal, further strengthening the medium-term uptrend.
48,700-50,700) while the Stochastic Oscillator has given a sell signal in the overbought zone after a bearish divergence. This suggests that the risk of a correction will increase when the indicator falls out of this zone.
According to Vietstock
