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05
1月
Daily derivatives: Rebound phase has high probability to extend
Long VN30F2301 after ATO session and stop the loss when there is the closing price below 1,020 pts level. (Hourly chart)
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04
1月
Daily derivatives: Massive demand near 1,000 pts area
Long VN30F2301 after ATO session and stop the loss when there is the closing price below 1,020 pts level. (Hourly chart)
03
1月
Daily derivatives: Demand is still weak
Short VN30F2301 near 1,000 pts zone and stop the loss when there is the closing price above 1,030 pts level. (Hourly chart)
30
12月
Daily derivatives: Demand ticks up near 1,000 pts zone
Short VN30F2301 near 1,000 pts zone and stop the loss when there is the closing price above 1,030 pts level. (Hourly chart)
21
12月
Daily derivatives: Demand ticks up near 1,000 pts zone
Although there is demand near 1,000 pts zone, the trading signal is still unclear. In this case, traders could stay on the sidelines and wait for more accurate signal to avoid the price noise. (Hourly chart)
20
12月
Daily derivatives: Market direction is still unclear
In this case, traders could stay on the sidelines and wait for more accurate signal to avoid the price noise. (Hourly chart)
16
12月
Daily derivatives: The trading range still exists
Total OI (Open interest) stayed below 50,000 contracts, implying the inactive market swing. In this case, traders could stay on the sidelines and wait for more accurate signal to avoid the price noise. (Hourly chart)
15
12月
Daily derivatives: Expiration date
Long position on VN30F2212 should be held and stop the loss when there is the closing price below 1,000 pts level. For new long positions, traders should wait for the entry point for the upcoming contract (VN30F2301). (Hourly chart)
14
12月
Daily derivatives: The line in sand is respected
Long position on VN30F2212 should be held and stop the loss when there is the closing price below 1,000 pts level. For new long positions, traders should wait for the short-term consolidation phase in order to capture the better entry. (Hourly chart)
13
12月
Daily derivatives: Bearish swing comes back
Long position on VN30F2212 should be held and stop the loss when there is the closing price below 1,000 pts level. For new long positions, traders should wait for the short-term consolidation phase in order to capture the better entry. (Hourly chart)
Featured Articles
24
8月
U.S July Retail sales and Vietnam T&G exports
U.S July Retail sales and Vietnam T&G exports According to the latest data from the U.S. Census Bureau, retail sales in the U.S. increased by 0.7% MoM in July of 2023, marking a fourth consecutive rise, and beating market forecasts of a 0.4% increase. In more detail, US clothing store sales grew 1.34% YoY in July, slightly decelerated from 2.69% in June, but remain higher than the one-year slowest growth of 0.32% in April. The potential upturn in US clothing sales, given a relatively strong correlation with Vietnam T&G exports, subsequently benefiting this export sector in the latter half of 2023.
02
8月
An improved economic performance amidst easing external headwinds
July’s data revealed a substantial improvement in economic activities with a softer decline in export turnover, an improving industrial production, and a renewed acceleration in retail sales. On one hand, U.S. consumers tend to regain their confidence during the late phase of the global interest rate hike, fastening the resolution of the overstocking and consequently promoting Vietnam’s export activities. On the other hand, retail sales recorded a higher growth rate than in June coupled with moderate inflation after a series of easing fiscal policies, likely reflecting an expanding demand. We predict economic performance to improve further next month due to softening external headwinds and expanding domestic demand.
28
7月
Vietnam’s economy: gaining momentum
Although the economic performance picked up in 2Q23 in the late stage of the global interest rate hike, we believe that the acceleration of economic activities will need more time to be material due to the insignificant improvement of external factors and the weakening recovery in domestic consumption. On the upside, public investment will continue to be a spotlight in 3Q23 thanks to the government's effort in realizing the significantly higher workload than last year. In addition, the well-controlled inflation and stable exchange rate provide more space for the monetary authority to follow the easing tendency in the next quarter.
13
7月
3Q23 Strategic Insight: Embrace the opportunity
Although the economic performance picked up in 2Q23 in the late stage of the global interest rate hike, we believe that the acceleration of economic activities will need more time to be material due to the insignificant improvement of external factors and the weakening recovery in domestic consumption. On the upside, public investment will continue to be a spotlight in 3Q23 thanks to the government's effort in realizing the significantly higher workload than last year. Investment opportunities exist in Power and Agriculture, Seafood industries that backed by El-Nino and China consumption themes. Besides, crushed stone industry also offers a lucrative choice from 3Q23 for those investors seeking for rising public spending theme. We expect the target range for VNIndex in 2H23 to be 1,260-1,340 points.
30
6月
Slight pickup amidst persistent global challenges
GSO’s June report shows a slight acceleration in economic performance for the second quarter of 2023. Although the economic growth surpassed the downgraded market assessment, it is far from the expected value in the eco-socio tasks. For the latest update in June, export activities deteriorated under the persistent slowdown in the consumption of Vietnam’s major trading partners, showing challenges for the economy to speed up. Regarding domestic factors, the recovery momentum in post-pandemic exhausted with retail sales much lower than the potential level. In the short term, we predict public investment will mainly support economic growth before material improvement in external factors occurs.