25
January
In the short term, the downside risk is still intact due to the high selling pressure at the 1,200-pts threshold of the VNIndex. Thus, traders should reduce long positions and wait for the next signals.
25
January
Last week, selling activities turned back to the normal level but continued to overwhelm. Breaking down by sectors, selling activities mainly absorbed by Materials and Financials whilst Real Estate continued to attract the most foreign demand across the market. Regarding to ETF flow, Vietnam maintained the positive flow of money thanks to VFMVN Diamond ETF and X FTSE Vietnam which attracted the total of USD6.3mn last week.
22
January
In spite of the recovery, the short-term downside risk is still intact due to the selling pressure at the 1,200-pts threshold of the VNIndex. Thus, traders should reduce long positions and wait for the next signals.
22
January
As mentioned above, the short-term uptrend may reverse to go down due to the high selling pressure on large cap stock. Thus, investors should reduce their long positions and wait for the next signals.
22
January
Despite the bullish market, the downside risk is still intact in the short term as the selling pressure at the 1,200-pts threshold of the VNIndex. Thus, traders should reduce long positions and wait for the next signals.
20
January
Despite the gaining session, the downside risk is still intact in the short term. Thus, traders should reduce long positions and wait for the next signals.
20
January
Based on the crash, the downside risk increases. Besides, VNIndex crosses the 20-period moving average going down, which implies the early selling signal in the short term. Thus, traders should reduce long positions and wait for the next signals.
18
January
Despite the contraction, the short-term uptrend is still intact thanks to bullish signals of the VNIndex. Therefore, traders should hold their long position and focus on leading stocks.
18
January
Last week, selling activities increased massively due to the large sell orders on MSN via put-through method. Breaking down by sectors, selling activities mainly absorbed by Consumer Staples, Materials, and Financials whilst Real Estate continued to attract the most foreign demand across the market. Regarding to ETF flow, Vietnam maintained the positive flow of money thanks to VFMVN Diamond ETF and VanEck Vietnam ETF which attracted the total of USD20mn last week.
25
December
We forecast that the VNIndex in 2021 can reach 1,300 points thanks to promising opportunities from high-value chain shifts and potential benefits from FTA agreements such as RCEP.. Moreover, statistical evidence support the bullish market next year.
20
November
Biden’s ambitious plan may boost long-term economic growth, followed by an expansion in trade activities. As an essential trading partner, we expect U.S. stimulus policy to benefit the Vietnam economy in the long-run. However, Vietnam also faces uncertainties when the president-elect heavily focuses on strengthening domestic production and potentially change trade policy toward China.
03
November
High margin debt and the selling pressure of foreign investors cause the stock market to form a short-term peak. However, Vietnam economy recovers, along with the capital flow of ETFs that will support the stock market and continue its uptrend in the long term.
17
September
Short VN30F2010 at 825 pts, take a profit at 790 pts and stop a loss at 835 pts.
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