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28
November
Chart of the day: Consolidation phase?
The short-term downtrend is dominant as the index closes below the 20-period moving average.
Research Center
» Investment Strategy » Chart of the day
21
November
Chart of the day: Short-term bottom is formed
Although there is the strong demand and the market has formed the short-term bottom, downtrend is still active. The downtrend would be paused only when 1,050 pts area is broken. Therefore, investors should stay on the sidelines and take action only when the 1,050 pts zone is pierced.
14
November
Chart of the day: A new trough
The VNIndex’s downtrend is dominant in the short term as the new bottom is below the 1,000-pts threshold.
07
November
Chart of the day: Bearish momentum still exists
The bearish momentum has shown no sign of weakness. Besides, there is no signal for the increase of demand near 950-1,000 pts zone. Therefore, investors should stay on the sidelines and take action only when the solid bottom is formed.
31
October
Chart of the day: Bullish divergence
The VNIndex shows the rebound in the short term thanks to high bottom fishing around the 1,000-pts threshold. In this case, investors should stay on the sidelines and wait for the next signals.
24
October
Chart of the day: Retest 1,000 pts area
The bearish momentum has shown no sign of weakness. Besides, there is high probability for the VNIndex to retest 950-1,000 pts zone. Therefore, investors should stay on the sidelines and take action only when the solid bottom is formed.
17
October
Chart of the day: Island reversal pattern
The VNIndex shows the rebound in the short term thanks to Island reversal pattern. However, we expect that is pullback more than a short-term uptrend because of low liquidity and bearish signals of other indicators.
03
October
Chart of the day: A new bottom
The VNIndex continued to go down for the fourth losing week in a row due to high selling pressure. The bearish trend is dominant in the short and medium term because of pessimistic sentiment. In this case, investors should reduce long positions and wait for the next signals.
25
September
Chart of the day: Extending the bearish swing
The benchmark for the rebound phase (1,250 pts area) is broken which means the rebound phase is faded. Besides, there is high probability for the VNIndex to retest 1,150 pts zone. Therefore, investors should stay on the sidelines and take action only when the solid bottom is formed.
Featured Articles
15
March
Point Break
Regarding the impact of the global commodity price surge on Vietnam CPI, we estimate that the current value of Brent price could push 2022 inflation to exceed the government target of 4%, mainly through the consumption channel. However, implementing well-established tools allows the Vietnam government to mitigate external shocks proactively. To sum up, we forecast that the global commodity surge would create temporary pressure on Vietnam inflation.
27
December
Outlook 2022 – The Big Uptrend
Key factors that drive the stock market to rise in 2022 include: (1) the Vietnam economy recovering and strong growth in 2022 and (2) new money will continue to flow into the stock market as new cash flows into stock markets and new money comes from capital flows of securities companies to margin.
09
November
Time to bet on economic recovery?
A record plunge in Vietnam’s economy in 3Q21 has threatened economic prospects in the medium and long term growth. The government is standing in a right place to mitigate the lingering impact of the current outbreak and the next ones if they take appropriate actions in an appropriate timing and appropriate way. Recent macro and policy developments are signaling that the ongoing economic recovery would be smooth and sound, but it needs a booster shot, a sufficiently large fiscal relief package, to accelerate recovery momentum and help economic growth back on track. From our view, the “Economic Recovery and Development” fiscal support package, if successfully passed, would be a key to unlocking the full potential of the economic recovery.
26
July
Fragile hope of recovery path under the worst outbreak
Amid a widespread COVID-19 delta attack in the Southeast Asia region, Vietnam is stepping into the worst outbreak in both its health and economic impacts. Although the government actively deployed various solutions to follow the twin target that effectively controls the pandemic and promotes socio-economic development, the negative impact of economic recovery is inevitable. We predict that the COVID-19 economic impacts on domestic consumption and production levels would be partly reflected in oncoming macroeconomic updates under strict lockdowns nationwide.
18
June
INFLATION: A transient or long-lasting shock?
Surging commodity prices and increasing inflation recently pose a considerable risk to global economic stability. However, the majority of global economists and monetary policymakers just saw this phenomenon as a transitory factor, and this trend would eventually reverse to a normal track in the medium- and long- term. Regarding Vietnam's situation, we saw a stable demand-supply balance in major commodities and well-controlled price conditions. The inflation shock in the near term, if it happens, would be expected to be transient and bear a little risk to the economic stability.