FINANCE

INVESTMENT

TECHNICAL
ANALYSIS
LECTURER: DR. VUONG THI HUONG GIANG
Class: L01 - Group 1
 MML

1.MASAN MEATLIFE JOINT

STOCK COMPANY (MML)

1.1. MACD

However, on April 18, 2023, August 21, 2023, and October 30, 2023,
the MACD line crossed below the signal line, signifying seller
dominance in the market. This is a clear indication for investors to
consider selling to secure profits. The MML stock price has
significantly dropped during these times, and engaging in the
market would be risky and unfavorable.
 MML

1.MASAN MEATLIFE JOINT

STOCK COMPANY (MML)

1.1. MACD
Between October 26, 2022, and March 21, 2023, and from June 6,
2023, to July 12, 2023, there are signs of divergence when the MACD
line forms a higher low after a previous low, while the MML stock
price forms a lower low after a previous low. When such divergence
appears, there's a possibility that the second peak will reverse,
indicating the potential start of a downward market trend.
Following that period, the MML stock price tends to rise on March
22, 2023, and July 13, 2023. Pessimistic Divergence occurs when the
subsequent peak of the MACD line is lower than the previous peak,
while the subsequent peak of the MML stock price is higher than the
previous peak. The MML stock price increased from 28,900 VND (on
March 22, 2023) to 40,000 VND (on April 7, 2023). There's a
significant increase in stock volume as investors might be taking
partial profits and waiting for an opportune time to sell off entirely."
 MML

1.MASAN MEATLIFE JOINT

STOCK COMPANY (MML)

1.2. MFI

Based on the chart from November 27, 2022, to March 20, 2023,
it's evident that the stock price of MML exhibited a significant
downward trend due to an outflow of funds from the market. The
highest recorded price was 41,740 VND on November 28, 2022.
However, this could pose an increased risk of overselling as many
investors panic and exit the stock market. This situation might
indicate an excessive sell-off due to investors selling off too much,
pressure to cut losses, or negative sentiment prevailing in the
market.
 MML

1.MASAN MEATLIFE JOINT

STOCK COMPANY (MML)

1.2. MFI
When the Money Flow Index (MFI) reaches its highest point and
starts declining towards 80 while the original stock price begins to
rise, it's a reversal signal. Conversely, when the MFI increases from
its lowest point to around 20 while the original stock price continues
to sell off, this signals an upward price trend.
Looking at May 10, 2023, when the MFI, starting at a very low level
around 8.83, rose to 18.1 while the MML stock continued to sell off, it
indicated a reversal in the upward trend. Meanwhile, during the
period from August 9, 2023, to August 14, 2023, the Money Flow Index
had a moment touching 80, which signaled a reversal in the
downward price trend.
 MML

1.MASAN MEATLIFE JOINT

STOCK COMPANY (MML)
1.3. RSI

The Relative Strength Index (RSI) ranges from 0 to 100; when RSI
surpasses 70, the market is considered overbought, while dipping
below 30 indicates oversold conditions. Looking at the RSI chart,
between March 15 and March 21, 2023, the RSI of MML showed
oversold conditions compared to previous readings, signifying
investors might swiftly buy stocks or exercise caution when
considering MML stocks. Within the stable market range of 30-70,
clarity might be ambiguous. This means the market could be
oversold or selling excessively, affecting investors. They should be
mindful of selling stocks and focus on buying to strengthen the
current potential.
 MML

1.MASAN MEATLIFE JOINT

STOCK COMPANY (MML)
1.3. RSI
Initially, starting from March 16, 2023, buying signals emerged
as the RSI crossed the 30 line with a low price of 29,000 VND,
indicating a potential future increase and presenting a potential
buying opportunity. However, decisions to buy or sell stocks should
be made after careful assessment and thorough analysis across
multiple bases. Investors should pay attention and closely monitor
market developments to make informed and advantageous
investment decisions.
Between September 25, 2023, and September 29, 2023, a signal
to sell MML stocks emerged in the market. Hence, investors need to
consider before deciding to hold or sell stocks to avoid future losses.
Notably, from August 8, 2023, to August 16, 2023, two Bearish
Divergences simultaneously appeared as the RSI showed a new
lower peak while the stock price reached a new higher peak. This
indicates peak buying pressure and predicts an adjustment
signaling investor dissatisfaction, possibly leading to a future price
decline. The Bearish Divergence could be due to scarce supply,
decreased investor buying sentiment, or psychological factors
causing investor concerns about the stock's future. This
consequence might lead to a stock price drop or trading at the
current price or a reversal from the high peak. From July 12, 2023, to
August 15, 2023, MML stock prices trended upwards, but
subsequently, a Divergence occurred, causing a slight price drop
from 35,800 VND to 24,500 VND.
 MML

1.MASAN MEATLIFE JOINT

STOCK COMPANY (MML)
1.4. BOLLINGER BAND

From the chart, it can be seen that the upper band, lower band
and the BB20 line are sloping downward, indicating a downtrend
price signal. However, there is still a marginal increase from March
2023, MML price goes up from 28.75VND to 39.97VND in April 2023.
Investors see this fluctuation due to two bands and MA20 are
pointing upwards.
During the period October 2022 – October 2023, MML’s stock
prices decrease significantly. Specifically, the price falls from
55.12VND on 10/03/2023 to 28.74VND on 03/21/2023, and then
reaches 21.61VND on 10/31/2023, the lowest price of this stock
symbol. Therefore, there are numerous oversold points spreading
out the whole period.
 MML

1.MASAN MEATLIFE JOINT

STOCK COMPANY (MML)

1.4. BOLLINGER BAND

On 03/27/2023 and 08/09/2023, MML’s stock rises beyond the
upper band of BB, crosses above the MA20, creates two overbought
points and predicts a small growth in price.
The Bollinger Bands made two squeezes in February and July-
August of 2023. In February, the Bollinger Bands is narrow and the
MA20 tends to curve down, the market will decrease after that.
Conversely, the BB of MML during July – August period narrows
and the MA20 tends to curve up, then the market will go up. The best
buy price is when the price line breaks out the lower band of BB.
Moreover, it might rise and break out of the upper band that gives a
positive selling signal.
 MML

1.MASAN MEATLIFE JOINT

STOCK COMPANY (MML)
1.5. MA
1.5.1. MA50

Overall, the MML’s price line is below the MA50 line, showing a
downward trend of this stock symbol. The MA50 line acts as a
resistance line.
There are two buying points when the price line cuts the MA50
from the bottom up on 03/23/2023 and 08/08/2023. When the MA50
is above the price line, it is a signal for traders to sell. There are also
two selling points in this graph based on MA50: one is on
04/24/2023 and the other is on 08/17/2023.
Nevertheless, as can be. seen. from the chart, the selling. point
on 08/17/2023 is lower than the buying point on 08/08/2023. In
particular, the investors would get loss selling the stock with the
price 31.360VND if they buy at the price 31.470VND.
 MML

1.MASAN MEATLIFE JOINT

STOCK COMPANY (MML)
1.5. MA
1.5.2. MA30

Overall, the price. line. is frequently. below the MA30. line,

presenting a substantial decline of the stock price. The MA30 acts
as a resistance line as well, but it is much lower than the MA50 line.
When the price line crosses the MA30 line, it makes four buying
and selling signals with two of each. On 03/23/2023 and 08/08/2023
are two opportunities for traders to invest in MML. Then, traders can
sell the stocks on 04/24/2023 and 08/18/2023 that they have just
bought.
Especially, based on MA30 of this graph, both two selling points
are on higher price than the buying points, which is differ from the
MA50 line.
 MML

1.MASAN MEATLIFE JOINT

STOCK COMPANY (MML)

1.5. MA

The two moving averages MA30 and MA50 can be combined to

identify the cutting points and market trends. Generally, the MA30
line is below the MA50 line the whole time, which indicates a
decrease of this MML stocks. Price drops from over 45.000VND to
around 24.000VND until now.
On 04/14/2023, the MA30 crossed and lay above the MA50, which
was a positive sign for investors to buy at the price 34.640VND.
Then, they could sell when the MA30 lay below MA50 again, at
34.860VND on 06/02/2023.
 MML

1.MASAN MEATLIFE JOINT

STOCK COMPANY (MML)

1.5. MA
Likewise, traders could buy stocks on 08/24/2023 and sell them
on 09/22/2023 afterward. However, this did not bring in profit for
them when the buying price was 30.810VND but the selling point
was only 31.590VND.
Therefore, MA line is not really the most ideal indicator for the
investors. We should combine several indicators to make the best
decision to make a profit.
 HAG

2.HOANG ANH GIA LAI JOINT

STOCK COMPANY (HAG)

2.1. MACD

During the period 07/18/2022 - 09/23/2022, the stock is trending

up as both MACD and signal lines are above the baseline. The HAG’s
price goes up from 11.90VND to 14.58VND in two months. The MACD
forms later peaks lower than the previous peaks, while HAG’s price
line form later peaks higher than the former, which is considered as
a negative signal and may indicate a possible reversal of the price
trend from bullish to bearish.
 HAG

2.HOANG ANH GIA LAI JOINT

STOCK COMPANY (HAG)

2.1. MACD
On the contrary, from 10/20/2022 to 11/16/2022, HAG’s stock price
decreases from 9.35VND to 5.91VND. A Bullish Divergence appears in
the MACD line, which means that the MACD forms two rising lows
that correspond with two falling lows on the price.
The buying signals exist when the MACD crosses below its signal
line. Conversely, the selling signals appear when the MACD line cuts
the signal line from above. Investors can buy HAG’s stock at the
price 7.59VND on 03/08/2023 and sell at the price 7.70VND on
04/26/2023 or 8.01VND on 05/17/2023. Afterward, traders can
continue to buy stock at the price 7.77VND on 05/26/2023 and take
profit at 9.35VND on 08/15/2023 or 9.28VND on 09/08/2023.
 HAG

2.HOANG ANH GIA LAI JOINT

STOCK COMPANY (HAG)

2.2. MFI

During the period from September 28, 2022, to November 15,

2022, investors consistently sold HAG stocks, driving the price
below the equilibrium level. Specifically, on two occasions, on
October 21, 2022, and November 15, 2022, the stock prices were
noted at low levels, at 8,500 VND and 5,930 VND, respectively. This
might indicate an "Oversold" situation, likely due to excessive
selling, profit-taking pressure, or negative market sentiment.
 HAG

2.HOANG ANH GIA LAI JOINT

STOCK COMPANY (HAG)

2.2. MFI
From March 23, 2022, to April 20, 2023, the price of HAG stocks
trended upwards due to increased capital flow into the market. The
highest price observed was 8,100 VND on January 17, 2023. This
might create an "Overbought" situation, possibly due to investor
interest and confidence in the company and Imexpharm's growth
potential during this period.
From April 24, 2023, to September 25, 2023, the stock price
trended within the 20-80 range, considered relatively stable. From
September 7, 2023, to October 3, 2023, the MFI line was "Oversold,"
while the price of IMP stocks showed signs of decline, indicating
investor selling surpassing actual supply and demand or possibly
due to other negative factors in the market pushing the stock price
below the equilibrium level.
...The appearance of optimistic divergence from February 15,
2023, to March 29, 2022, is a positive signal in HAG's technical
analysis chart based on the MFI index. On February 20, 2022, the
highest price of HAG stocks on the market was 8,200 VND. During
this period, HAG stock prices fluctuated between 7,700 VND and
7,300 VND. This means that while the HAG stock price decreased to
a lower level, the MFI index held a higher bottom. This signal
indicates reduced selling pressure and money transitioning from
investor selling to buying, suggesting potential future price
increases for HAG stocks.
 HAG

2.HOANG ANH GIA LAI JOINT

STOCK COMPANY (HAG)
2.3. RSI

On November 16, 2022, a sell signal indicated the potential for

stock price increases, making it an appropriate time for investors to
sell HAG stocks to reap profits, specifically at the highest price of
9,790 VND on December 7, 2022.
However, from December 2022 to February 2023, gradual sell
signals emerged, indicating negativity and the possibility of stock
price decline, leading investors to collectively sell HAG stocks. This
might be due to weakness in the previous upward trend.
Nevertheless, the price decrease did not go below the previous buy
signal's level.
 HAG

2.HOANG ANH GIA LAI JOINT

STOCK COMPANY (HAG)

2.3. RSI
Between February 13, 2023, and August 7, 2023, there was a buy
signal for HAG stocks in the market. Investors had a good
opportunity to buy HAG stocks at a low price, possibly yielding high
profits in the future. The highest price at which investors could sell
was 9,700 VND on August 7, 2023.
The appearance of optimistic divergence from December 13,
2023, to March 24, 2023, is a positive signal in HAG's RSI analysis
chart. This signifies that while HAG stock prices decreased to a
lower level, the RSI index maintained a higher bottom. During this
period, there was a continuous decline in HAG stock prices, for
example, on March 23, 2023, the price was only 7,100 VND, but then
on April 14, 2023, it rose to 8,100 VND. This indicates an increasing
trend in the stock and a potential upcoming positive trend. This is a
time for investors to consider buying or engaging in long-term
investment based on this signal.
 HAG

2.HOANG ANH GIA LAI JOINT

STOCK COMPANY (HAG)

2.4. BOLLINGER BAND

After surging in September 2022 – November 2022 period, HAG’s

stock price falls sharply. In particular, the price drop from 14.100VND
on 09/22/2022 to 5.650VND on 11/16/2022.
The closer the prices move to the lower band, the more oversold the
market is, which can be observed from some breakouts below the
bands. However, this is a positive signal that the price would recover
and hope for a bullish reversal.
 HAG

2.HOANG ANH GIA LAI JOINT

STOCK COMPANY (HAG)

2.4. BOLLINGER BAND

Oversold situation occurs on six days when the stock’s price
drops below the BB’s lower band. In which, the lowest oversold
within one year from 01/01/2022 is November 16, 2022 at the price of
VND 5.650.
From 04/18/2023 to 06/08/2023 and from 07/12/2023 to
10/24/2023, HAG’s stock rose beyond the upper band of BB.
The Bollinger Bands made two squeezes in April and June of 2023.
These squeezes signal a period of volatility and are considered to be
a potential sign of future increased volatility and possible trading
opportunities. During June 2022, the price line fluctuates around
and then shows signs of crossing above the MA20, reflecting the
uptrend of the market many days later.
 HAG

2.HOANG ANH GIA LAI JOINT

STOCK COMPANY (HAG)
2.5. MA
2.5.1. MA50

After a long decrease, HAG tried to recover but did not work.
According to the graph, the HAG’s price line is almost below the
MA50 line, which demonstrates a downward trend. The price falls
from 15.470VND to 6.120VND during the period 10/2022 - 11/2022.
However, the stock price recovered, crossed the MA50 from the
bottom up and reached 9.850VND after three months.
Consequently, it makes a buying signal with the price 9.210VND on
12/05/2022 and one more buying point at the price 8.650 on
12/27/2022.
 HAG

2.HOANG ANH GIA LAI JOINT

STOCK COMPANY (HAG)
2.5. MA
2.5.1. MA50
By contrast, the price line crossed the MA50 from the top down
again, leading to a decline of the stock price. It went down from
8.850VND on 02/01/2023 to 8.700VND on 04/11/2023. A clearer selling
signal was on 10/03/2023, the price dropped from 13.340VND to the
lowest point in the graph.
Afterward, there was a marginal increase in the stock price, from
7.870VND on 04/11/2023 to 8.960VND on 09/12/2023. Anyway, it was
not strong enough that the stock went down again.
 HAG

2.HOANG ANH GIA LAI JOINT

STOCK COMPANY (HAG)
2.5. MA
2.5.2. MA30

The MA30 line is more responsive to the latest price changes

than MA50 line, which can help traders to identify trend changes
more quickly.
The price line is also below the MA30 the whole time, showing a
decrease in stock prices. The first selling signal is on 10/03/2022.
After that, the stock falls dramatically and hits the lowest point on
the graph.
 HAG

2.HOANG ANH GIA LAI JOINT

STOCK COMPANY (HAG)
2.5. MA
2.5.2. MA30
HAG makes progress to help the stock price go up when the price
line crosses the MA30 from the bottom up. It starts at a buying point
with 8.450VND on 11/25/2022 and increases to 9.560VND on
02/012023 before meeting the selling signal. Using MA30 line can
help investors identify the buying signal sooner (11/25) than the
MA50 (12/27).
The MA30 line also acts as a resistance line from 10/2022 to
12/2022 and a support line during the period 04/2023 - 08/2023.
 HAG

2.HOANG ANH GIA LAI JOINT

STOCK COMPANY (HAG)
2.5. MA

Both MA30 and MA50 lines can be used to analyze price trends
and identify crossovers.
As can be seen from the graph, HAG’s stock price fluctuates
substantially.
At various times, on 10/17/2022, 02/10/2023 and 09/25/2023, the
MA30 line is below the MA50 line, indicating a downward trend of
the stock.
Meanwhile, on 12/21/2022 and 05/05/2023, the MA30 crosses
above the MA50. This is considered as positive buying signals,
representing the price increase.
According to the graph, using multiple moving averages to
identify the stock trends made a slower step than using signals
created by MA and price lines.
 DBC

3.DABACO VIETNAM GROUP

JOINT STOCK COMPANY
(DBC)

3.1. MACD

From October 12, 2022, to November 18, 2022, there were signs of
a Bullish Divergence as the MACD line's second trough was higher
than the previous one, while the price line of DBC showed a lower
second trough compared to the first. The price of DBC stocks
decreased from 17,200 VND on October 12, 2022, to 11,700 VND on
November 18, 2022. When a divergence appears, the second peak
might reverse and indicate the initiation of a subsequent downward
market trend.
 DBC

3.DABACO VIETNAM GROUP

JOINT STOCK COMPANY
(DBC)

3.1. MACD
Following that period, the price of DBC stocks showed an upward
trend. On July 13, 2023, a Bearish Divergence emerged as the
subsequent peak of the MACD line was lower than the previous one,
while the succeeding peak of the price line was higher than the prior
one. The price of DBC stocks increased from 25,700 VND on July 13,
2022, to 27,000 VND on August 8, 2023, suggesting investors might
consider selling a portion of their held stocks and wait for an
appropriate time to sell the remaining shares.
 DBC

3.DABACO VIETNAM GROUP

JOINT STOCK COMPANY
(DBC)
3.1. MACD

On November 18, 2023, the MACD and Signal lines crossed

upwards, indicating a reversal from a downward to an upward
trend. At this point, investors might consider buying DBC stocks at a
price of 12,000 VND per share.
Conversely, a shift from an upward to a downward trend
occurred when the Signal line crossed the MACD line from above.
Specifically, on December 1, 2022, DBC stocks experienced a
significant drop from 15,650 VND to a low of 13,200 VND per share.
From December 1, 2022, to April 26, 2023, the trading volume of the
stocks fluctuated at a low level.
 DBC

3.DABACO VIETNAM GROUP

JOINT STOCK COMPANY
(DBC)
3.2. MFI

The chart indicates a period from February 14, 2023, to September

28, 2023, recording a downward trend of DBC stock prices. During
this time, investors sold shares and pushed prices significantly
below the equilibrium level. The recorded price was 14,300 VND on
February 16, 2023. This demonstrates an overselling situation, where
investors excessively sold shares out of the market. This might be
due to negative market news or the company's stock situation,
causing investors to cease investment.
 DBC

3.DABACO VIETNAM GROUP

JOINT STOCK COMPANY
(DBC)

3.2. MFI
On December 5, 2022, the market bounced back after a sharp
decline. DBC recorded the highest stock price at 16,000 VND,
indicating an overbuying situation and the stock's recovery,
suggesting that the company attracted market attention through
business development or positive market news.
Stable cash flow into the market falls within the range of 20 to
80. Moving beyond that zone will show optimistic or pessimistic
divergence. On the chart, in October and November 2022, the
subsequent low was lower than the previous low, but with the MFI,
the subsequent low was higher than the previous low, leading to the
appearance of optimistic divergence. This sign shows the potential
for a reversal from the price level of 10,500 VND to 16,000 VND.
Conversely, in July 2023 and August 2023, while prices were
trending upwards, the MFI had a lower peak than the previous peak,
as the pessimistic divergence of the price decreased from 27,500
VND to 21,700 VND. If an investor identifies this discrepancy, a
reversal could be anticipated, and buying could be avoided.
However, if an investor places a buy order, they might incur a loss.
 DBC

3.DABACO VIETNAM GROUP

JOINT STOCK COMPANY
(DBC)
3.3. RSI

.Based on the chart, we observe that an RSI below the 30

threshold indicates investors are overselling, pushing the price too
low, even dropping to 20. However, this also presents a good
opportunity for investors to buy.
When the RSI ranges from 30 to 70, the price chart also remains
steady, hence the trend is not clear.
Crossing the 70 mark signifies overbuying, indicating investors are
eager to buy excessively, driving the price far from equilibrium.
 DBC

3.DABACO VIETNAM GROUP

JOINT STOCK COMPANY
(DBC)
3.3. RSI
On October 26, 2022, and November 17, 2022, buy signals occurred
when the RSI crossed the 30 line from below, indicating DBC stocks
at low prices of 14,400 VND and 11,300 VND. Investors might consider
purchasing at these levels as after the dip, the market tends to rise.
Conversely, on July 17, 2023, when the RSI crossed below the 70
line, predicting a price decrease. Investors should sell at 24,000
VND/share to avoid losses, or they may hold onto the stocks,
waiting for the subsequent price increase before selling.
In November 2023, a pessimistic divergence occurred when the
RSI set a new lower bottom and the stock price established a new
higher peak, indicating the peak of purchases and an unavoidable
adjustment. From July 11 to August 8, 2023, DBC stock prices were on
the rise, but then a pessimistic divergence caused a slight decrease
(from 27,800 VND to 22,000 VND) on August 21, 2023. The price might
increase after August 21, 2023, but decreasing trade volume
forecasts weak growth and signs of a reversal.
The occurrence of an optimistic divergence signals an upcoming
sharp price increase and provides a good buying opportunity. When
this discrepancy occurs, the price will move in the opposite
direction to the previous trend.
Specifically, before October 31, 2023, DBC stock prices were
declining, but when the optimistic divergence appeared, the price
increased (from 18,000 VND to the current price of 21,850 VND) from
October 31, 2023, with a fairly good short or medium-term future
profit.
 DBC

3.DABACO VIETNAM GROUP

JOINT STOCK COMPANY
(DBC)

3.4. BOLLINGER BOND

From October 26, 2022, to November 15, 2022, DBC stocks were
oversold, causing a significant price drop. Specifically, the price on
June 26, 2022, was 17,300 VND and dropped to 10,600 VND on
November 15, 2022. This signals a reversal in the upward trend,
indicating a strong rebound in prices. This is easily identifiable as
the price line fell outside the lower band, indicating an overselling
signal for DBC stocks.
 DBC

3.DABACO VIETNAM GROUP

JOINT STOCK COMPANY
(DBC)

3.4. BOLLINGER BOND

From December 6, 2022, to January 18, 2023, and from June 20,
2023, to August 8, 2023, the price line was outside the upper band,
indicating an overbought signal for DBC stocks. Specifically, on
August 8, 2023, DBC stocks reached 27,700 VND. During this period,
DBC stocks were overbought, causing a steep price increase. This
signifies a reversal in the downward trend.
From March 2023 to the beginning of April 2023, the upper and
lower bands contracted. The price line of DBC is visible above the
BB(20) line, suggesting a probable increase in DBC stock prices in
the future. If investors spot this signal, placing a buy order may yield
profit. Looking at the volume during this time indicates investors
captured the signal and placed buy/sell orders to capitalize on
profit.
 DBC

3.DABACO VIETNAM GROUP

JOINT STOCK COMPANY
(DBC)
3.5. MA
3.5.1. MA50

The graph shows the relationship, buying and selling signals

between DBC’s price line and MA50 line from 06/20/2022 to
06/20/2023.
When the price line crosses the moving average line from the
bottom up, it’s an opportunity to buy. As can be seen from the
graph, there were four buying signals. Especially, the price
increased significantly from around 15.000VND to 24.000VND during
the period 04/03/2023 - 08/30/2023.
 DBC

3.DABACO VIETNAM GROUP

JOINT STOCK COMPANY
(DBC)
3.5. MA
3.5.1. MA50
When the price line crosses the moving average line from the top
down, there are four selling points as well. The selling signal in
09/2023 predicts a considerably decline of DBC’s stock price.
Moreover, the stock tended to go sideways, the market trend was
not clear from 12/2022 to 04/2023; therefore, there were more
opportunities for investors to invest in DBC. On the MA50 line during
that period, up to five buying and selling points were detected.
From 04/2023, the MA50 line acted as a support line. Then, when
the MA50 line cut the price line in 08/2023, it showed some buying
and selling signals until becoming a resistance line in September.
 DBC

3.DABACO VIETNAM GROUP

JOINT STOCK COMPANY
(DBC)
3.5. MA
3.5.1. MA30

The graph provides information about the relationship, buying

and selling signals between DBC’s price line and MA30 line from
06/20/2022 to 06/20/2023.
When the MA line is moving up, it is showing a positive sign of the
increase in DBC’s stock price. When the price line crosses the MA30
from the bottom up, the trend is considered bullish. For instance, on
03/24/2023, the price cut the MA30 that made a buying point. After
four months, the stock price went up steeply from 14.000VND to
almost 26.000VND on 08/17/2023.
On the contrary, when the MA line moves down, the trend is
considered bearish which was demonstrated through three selling
points, especially the August 17th.
 DBC

3.DABACO VIETNAM GROUP

JOINT STOCK COMPANY
(DBC)
3.5. MA

On the other hand, two moving averages (MA30 and MA50) can
be used to identify the cutting points and market trends. On
04/17/2023, when MA30 line crossed MA50 from the bottom up, this
was a positive signal for DBC’s stock price, which can be called “a
golden cross”. Then, the price increased dramatically from
14.000VND to approximately 25.000VND on 09/14/2023. The price
also went up when MA30 was above MA50 on 12/29/2022; however,
the upward trend was not clear, so the price rose slightly as well.
 DBC

3.DABACO VIETNAM GROUP

JOINT STOCK COMPANY
(DBC)
3.5. MA
Conversely, MA30 was below MA50 which led to a decrease in
the stock price, from 15.000VND to 14.600VND during the period
12/13/2022 - 04/17/2023.
The shorter the period for the moving average, the more
sensitivity it shows to recent price point changes. This makes the
MA30 line more responsive to the latest price changes than MA50
line, which can help traders to identify trend changes more quickly.
According to the graph, the price line crosses above the MA30 line
before the MA50 line. Using the MA30, investors would detect a
decrease in stock price sooner than using MA50.
 GROUP 1

Thank
You!