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Short position on VN30F2207 near 1,230 pts zone should be held and stop the loss when there is the closing price above 1,230 pts level. (Hourly chart)

Short position on VN30F2207 near 1,230 pts zone should be held and stop the loss when there is the closing price above 1,230 pts level

Despite the recovery, the downtrend is still dominant in the short term. Therefore, traders should stay on the sidelines and wait for the next signal.

Last week, trading activity kept decreasing across the covered warrant market. With foreign trading activity, foreign demand has started to overwhelm supply after ending up to be net sold for 2 consecutive months. Notably, trading interest has shifted to Financials sector, driving by demand on cover warrants which have STB and MBB as the underlying asset.

HoSE announced new constituents of the VN30Index and VNFIN LEAD Index last Monday. Accordingly, the VN30Index will add VIB and remove PNJ in the 2H22 review. Besides, the VNFIN LEAD Index will include HCM and SHB and not remove any tickers.

The downtrend is dominant in the short term. Therefore, traders should stay on the sidelines and wait for the next signal.

Short position on VN30F2207 near 1,230 pts zone should be held and stop the loss when there is the closing price above 1,230 pts level

The downtrend is still active and demand could not fade the current selling pressure. In this case, investors should decrease the current positions on leading stocks and wait for more accurate trading signal which would come after the volatile period.

Congress passed the new Insurance law 2022 on June 16th 2022. The draft of this new law was first introduced around February 2021 (refer here). After receiving feedback from experts at many meetings, the Law was approved with the rate of 94.18%. The effective date will be January 1st, 2023. In general, the new law retains the same ideas and spirit as the proposed draft, adding some clarifications and changes which are positive for sustainable development and long-term industry outlook.

Short position on VN30F2207 near 1,230 pts zone should be held and stop the loss when there is the closing price above 1,240 pts level. (Hourly chart)