Research Center

Last week, trading volume remained near 4 weeks average (112mn shares) across the covered warrant market. Besides, trading value also decreased, recording at VND46bn due to the correction period. By underlying asset, covered warrants which have STB as the underlying asset continued to attract the most of trading interest from both domestic and foreign investors, in which STB covered warrant recorded nearly 48% of foreign trading volume.

New short position is risky due to the high volatile market as well as long positions are still not confirmed. Thus, traders should wait for more accurate trading signal in upcoming sessions (Hourly chart).

New short position is risky due to the high volatile market as well as long positions are still not confirmed. Thus, traders should wait for more accurate trading signal in upcoming sessions (Hourly chart).

New short position is risky due to the high volatile market as well as long positions are still not confirmed. Thus, traders should wait for more accurate trading signal in upcoming sessions (Hourly chart).

Short VN30F2303 near 1,050 pts zone and stop the loss when there is the closing price above 1,100 pts level (Hourly chart).

Long VN30F2303 after ATO session and stop the loss when there is the closing price below 1,050 pts level. (Hourly chart)

Long VN30F2303 after ATO session and stop the loss when there is the closing price below 1,050 pts level. (Hourly chart)

Last week, trading volume slowed down across the covered warrant market due to the market unclear trend. By underlying asset, covered warrants which have STB as the underlying asset continued to attract the most of trading interest from both domestic and foreign investors, in which STB covered warrant recorded nearly 71% of foreign trading volume.

Bearish momentum still exists and the instrument is testing 1,050 pts area. Traders should wait for the reaction of VN30F2303 near 1,050 pts zone to define the next market leg. New position should be stalked when consolidation phase is near the end. (Hourly chart)