Technical Momentum Shifts Amid Mixed Signals in Garments & Apparels Sector
Technical Trend Overview
VTM’s technical trend has evolved from a mildly bearish stance to a more neutral sideways pattern. This shift suggests that the stock is currently navigating a phase of indecision, where neither buyers nor sellers hold a definitive advantage. The daily moving averages continue to reflect a mildly bearish tone, indicating some residual downward pressure in the short term. However, weekly and monthly indicators present a more nuanced picture.
MACD and Momentum Indicators
The Moving Average Convergence Divergence (MACD) indicator offers a mixed signal for VTM. On a weekly basis, the MACD is mildly bullish, hinting at potential upward momentum in the near term. Conversely, the monthly MACD remains mildly bearish,…
