VN-Index increased slightly with trading volume in the morning session remaining low, showing the market's tug-of-war state.
Technical signals of VN-Index
In the morning trading session on March 20, 2024, VN-Index increased slightly and at the same time a High Wave Candle pattern appeared. Trading volume in the morning session continued to remain low, showing the market's tug-of-war state.
VN-Index cut down the Middle Bollinger Band line while the Stochastic Oscillator indicator continued to point down and gave a sell signal, showing an unoptimistic outlook in the short term.
Technical signals of HNX-Index
In the trading session on March 20, 2024, HNX-Index fluctuated around the reference level and formed a Doji candlestick pattern with low trading volume, showing investors' cautious sentiment.
In addition, the MACD indicator has formed a sell signal when it crosses the Signal line, reflecting signs that risk is still present.
MWG – Mobile World Investment Corporation (HM:MWG)
In the morning trading session on March 20, 2024, MWG stock price increased sharply after forming a Golden Cross between the 50-day SMA and the 100-day SMA and crossing the 200-day SMA, showing an optimistic outlook in the near future.
Trading volume improved compared to the previous session, showing more excitement among investors.
The stock price bounced from the lower edge of the Bullish Price Channel and is moving towards the target zone at the Fibonacci Retracement 61.8% level (equivalent to the 49,000-50,000 zone).
VIB (HM:VIB) – Vietnam International Commercial Joint Stock Bank
In the morning session of March 20, 2024, VIB stock formed a long-bodied candlestick pattern with liquidity in the morning session exceeding the 20-day level, showing investor optimism.
The stock price is fluctuating within the Bullish Price Channel and is touching the Fibonacci Retracement 61.8% level (equivalent to the 23,300-23,700 zone), which could lead to short-term fluctuations and corrections.
In the positive scenario, the stock price could continue to move towards the target zone at the old peak of April 2022 (equivalent to the 27,000-27,500 zone).
Source: Investing
