VN-Index and HNX-Index increased points along with significantly improved trading volume in the morning session, showing more optimistic investor sentiment.
Technical signals of VN-Index
In the morning trading session on March 21, 2024, VN-Index increased points with trading volume significantly improved in the morning session, showing more optimistic investor sentiment.
However, the MACD indicator continues to point down and gives a sell signal when it cuts below the Signal line, thereby showing that the risk of correction remains.
Technical signals of HNX-Index
In the trading session on March 21, 2024, HNX-Index increased sharply with trading volume expected to exceed the 20-day average at the end of the trading session.
Additionally, the 50-day SMA is narrowing the gap with the 200-day SMA, the outlook could become more bullish in the medium term if a Golden Cross occurs between the two SMAs.
ASM (HM:ASM) – Sao Mai Group Corporation
In the morning trading session on March 21, 2024, ASM stock price formed a long-bodied candlestick pattern with sudden volume in the morning session, showing investor excitement.
The stock price has increased sharply in the Bullish Price Channel and is approaching the resistance zone of the old peak in July 2023 (equivalent to the 12,200-12,500 zone), so fluctuations are likely to occur here in the coming sessions.
The Golden Cross formed between the 50-day SMA and the 200-day SMA indicates a bullish outlook in the medium term.
VND (HM:VND) – VNDIRECT Securities JSC
In the morning session of March 21, 2024, VIB stock (HM:VIB) increased strongly with liquidity in the morning session exceeding the 20-day level, showing investor optimism.
In addition, the MACD indicator continues to trend up and gives a buy signal after crossing the Signal line. In a positive scenario, the stock price could target the old peak of September 2023 and the Fibonacci Retracement level of 61.8% (equivalent to the 25,500-26.00 zone).
Source: Investing
