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Technical analysis on the afternoon of November 19: VN-Index struggled

In the morning session on November 19, 2021, VN-Index paused with a Spinning Top candlestick pattern, showing that buyers and sellers are struggling. The index is still testing the lower bound of the short-term rising channel. This will be the nearest support of this indicator.


Technical signals of VN-Index

In the morning session on November 19, 2021, VN-Index paused with a Spinning Top candlestick pattern, showing that buyers and sellers are struggling. The index is still testing the lower bound of the short-term rising channel. This will be the nearest support of this indicator.




The MACD continues to drop after giving a sell signal. The Relative Strength Index has also fallen below the uptrend line (starting from September 2021) and the overbought zone. If these positions continue to appear, the VN-Index's correction risk is quite high.

If the index breaks the lower band of the price channel, the 50% Fibonacci Projection level and the middle line of the Bollinger Bands will be the next support.


Technical signals of HNX-Index

In the morning session of November 19, 2021, investor sentiment continued to show optimism about the prospect of HNX-Index when this index had the 12th consecutive gaining session.

At the same time, selling pressure also increased when the index is moving closer to the target around 500 points (Fibonacci Projection level 161.8%).

However, the MACD and Relative Strength Index maintained their bullish momentum after prior buying. This positive signal reinforces the uptrend of HNX-Index. Besides, the cash flow is very abundant when the trading volume is still maintained at a high level (above 20 session average).


DPM (HM:DPM) - Petrochemical and Fertilizer Corporation - JSC

After an impressive rally and reaching historic highs, DPM's stock price has seen corrections in recent times. In the morning session of November 19, 2021, DPM's stock price is forming a Doji candlestick pattern, showing investors' confusion about the prospect of this stock.

The Fibonacci Retracement 38.2% (45,000-46,5000 area) is the nearest support for the stock. If this zone still holds, the situation could be positive again.




DPM's cash flow is not stable when the trading volume fluctuates around the average level of the last 20 sessions.

TPB (HM:TPB) - Tien Phong Commercial Joint Stock Bank - Joint Stock Company

The stock price is moving sideways just below the 100% Fibonacci Projection level (equivalent to the 44,000-45,000 zone) after moving to test this zone in the previous days. The trading volume remained below the average level, showing cautious sentiment of investors.



The 50-day SMA is approaching the price so this will be the nearest support if a correction occurs. The MACD has created a bearish stop. Besides, the Relative Strength Index has reversed. If the indicator can surpass the downtrend line starting from December 2020, the situation will be better.

TPB's target if the stock price can surpass the 44,000-45,000 zone will be the 161.8% Fibonacci Projection threshold (equivalent to the 52,000-53,000 zone).



Technical Analysis Department, Vietstock Consulting Department

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