The "hot" stocks analyzed in the report of Vietstock Consulting Department include: CMX, CTG, DIG, HBC, NLG, NVB, PSH, SHB, TVC and VJC.
These stocks are selected according to technical analysis signals, liquidity, investors' interest… The analysis below can serve for reference purposes in the short term as well as in the long term.
CMX – Camimex Group JSC
The increased trading volume and above the 20-day average indicate that market cash flow is pumping heavily into CMX shares.
CMX's share price continued to grow in trading on October 29, 2021. The Doji pattern shows that investors are confused in the short term.
The MACD indicator has cut above the signal line and gives strong buying back so the short-term outlook continues to be positive.
CTG – Vietnam Industrial and Commercial Joint Stock Bank
In the trading session on October 29, 2021, the price continued to increase. The Doji pattern appears to show that investor sentiment is bracing strongly.
Bollinger Bands is bursting with compression. Prices are clinging to the Upper Band so the short-term outlook is quite positive.
The short-term target is the zone of 34,500-35,500 (equivalent to the old peak in August 2021).
DIG – Construction Development Investment Corporation
During the trading session on October 29, 2021, the Rising Window pattern continued to appear along with DIG's share price being at the highest level in history indicating that the short-term outlook is very positive.
The 50-day SMA line has been cut up on the 100-day SMA and the 200-day SMA to form golden crosses. In addition, the 100-day SMA and 200-day SMA also give the same signal that the long-term growth trend is returning.
DIG's target, for the time being, is the Fibonacci Retracement threshold of 423.6% (equivalent to the region of 59,000-60,000).
HBC – Hoa Binh Construction Corporation
The White Marubozu pattern appeared in the trading session on October 29, 2021, indicating that investor sentiment is very optimistic.
Currently, the MACD indicator has given a buy signal again so the short-term outlook will be very positive soon.
Inverse Head &Shoulders is the 19,500-20,000 zone.
NLG – Nam Long Investment JSC
During the trading session on October 29, 2021, the Dark Cloud Cover candlestick pattern appeared to show that investors are pessimistic and cautious in the short term.
The volume of transactions broke through and reached a five-month high, indicating that cash flow has not left NLG.
The zone 56,000-57,000 (equivalent to Fibonacci Projection 161.8%) has been crossed so it will move from resistance to strong support.
NVB – National Joint Stock Bank
During the trading session on October 29, 2021, the price leveled off after returning to the 50-day MA test. Analysts expect the tug-of-war and strong shaking to continue.
Trading volume has not yet exceeded the 20-day average, so it is difficult to expect a breakthrough in the short term.
If the price continues to fall, the old bottom in September 2021 (equivalent to the zone of 27,000-27,500) will be strong support.
PSH – Nam Song Hau Oil and Gas Investment Trading JSC
In the trading session on October 29, 2021, PSH's share price continued to maintain its momentum. However, the appearance of the Spinning Top candlestick pattern shows that the price is bracing quite strongly. The volume that has consistently remained above average indicates that cash flow is still stable.
Currently, PSH is advancing to the Fibonacci Retracement threshold of 50% (equivalent to zone 24,000-25,000). If you get above this area, the situation will be better.
The MACD continues to rise above zero after giving a new buy signal. If this signal is maintained, the chances of overcoming resistance will be quite high.
SHB – Saigon Joint Stock Bank – Hanoi
In the trading session on October 29, 2021, SHB's share price appeared a white closing Marubozu candlestick pattern after a strong tug of war on the short-term trendline (equivalent to the zone of 26,000-27,000) in previous sessions.
SHB's target shortly will be the adjacent old peak (equivalent to the area of 29,000-30,500). The Relative Strength Index indicator is positive. Besides, the MACD has paused its downtrend after nearing zero. These are positive signals.
However, the trading volume has not recovered and is below the 20-day average, showing that the cash flow is quite weak
TVC – Tri Viet Asset Management Corporation
In the trading session on October 29, 2021, TVC shares continued to increase after completely conquering the region of 18,500-18,900 (equivalent to the old peak in September 2021).
According to technical analysis theory, this zone will move from resistance to strong support for TVC in case the stock unexpectedly falls.
Since August 2020, prices have continuously created new highs and higher lows that demonstrate the long-term uptrend.
VJC – Vietjet Aviation JSC
The 50-day SMA has cut up above the 100-day SMA and the 200-day SMA to form golden crosses so the long-term growth trend is returning.
Middle Street is reliable mobile support for stocks in case VJC continues to adjust.
If the 50-day SMA remains strong, the short-term uptrend starting in June 2021 will remain.
Technical Analysis Department, Vietstock Consulting Department
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