Research Center

Despite the contraction, the short-term uptrend is still intact as the VNIndex confirms the small new rectangle pattern with the target price of 1,350 pts. Therefore, traders should hold their long position and focus on leading stocks such as Banking and Real Estate.

The VNIndex confirms the small new rectangle pattern, which is a continuation pattern. That implies the next target price will be 1,350 pts. Therefore, traders should hold their long position and focus on leading stocks such as Banking and Real Estate.

Last week, massive foreign demand entered the market. Breaking down by sectors, selling activities mainly absorbed by Financials, Energy, and Utilities whilst Real Estate and Materials attracted the most foreign demand across the market. Money inflow across Vietnam slightly dropped (down 30% WoW) due to the drop in inflow across VFMVN30 ETF (down 87% WoW) and X FTSE Vietnam (down 50% WoW) whilst VFMVN Diamond kept attracting the high level of money inflow.

In the short term, the index forms a small new rectangle pattern, which is a continuation pattern. If the pattern is confirmed, the next target price will be 1,350 pts. Therefore, traders should hold their long position and focus on leading stocks such as Banking and Real Estate.

The bullish market is dominant in the short term. If the VNIndex closes above the 1,250-pts threshold, the continuation pattern will form.

Despite the contraction, the target price of VNIndex is 1,250 points thanks to the rectangle pattern. Therefore, traders should hold their long position and focus on leading stocks such as Banking and Real Estate.

Based on the rectangle pattern, the target price of VNIndex is 1,250 points. Therefore, traders should hold their long position and focus on leading stocks such as Banking and Real Estate.

In the short term, the VNIndex will advance to 1,250 points, the target price of the Rectangle pattern. Therefore, traders should increase their long position and focus on leading stocks such as Banking and Real Estate.

The long-term uptrend is confirmed as the breakout of the rectangle pattern. That implies the short-term target price of 1,250 pts. Therefore, traders should increase their long position and focus on leading stocks such as Banking and Real Estate.