Research Center

The market sentiment has become cautious in the short term as the sharp loss last week. That implies a consolidation phase. Therefore, the investors should be careful and reduce their position to a safe zone.

The long-term uptrend is still intact as the VNIndex closes above the significant moving average. Besides, the current downtrend may be the consolidation in the longer uptrend. Hence, the intraday downtrend or contraction may be the opportunity to increase the long position at low prices.

Based on the recovery session, market sentiment has become stable again. That implies the long-term uptrend is still intact. Hence, the intraday downtrend or contraction may be the opportunity to increase the long position at low prices.

Despite the bearish market, the long-term uptrend is still intact. Hence, the intraday downtrend or contraction may be the opportunity to increase the long position at low prices.

Foreign selling kept overwhelming. Selling activity focused on Financials, Materials, and Real Estates whilst IT attracted the most foreign demand. With ETF flow, Vietnam was divested last week, mainly driven by the outflow on X FTSE Vietnam, VFMVN30 ETF, and Fubon FTSE Vietnam.

Despite the second losing session, the long-term uptrend is still intact. Hence, the intraday downtrend or contraction may be the opportunity to increase the long position at low prices.

Based on data of 26 Nov, we expect that FTSE Vietnam ETF will add VND, DGC, DIG, and NLG and not exclude any ticker in the 4Q21. Besides, MVIS Vietnam Index will not add and remove Vietnam stock in this quarterly review.

Traders should hold their long position and focus on the leading sector because of the symmetry triangle pattern with the target price of 1,530-1,550 pts. Besides, the contraction is the opportunity to accumulate stocks for long-term positions at significant supports such as the 1,450-pts threshold.

Despite the contraction, the long- and short-term uptrend is still intact. Hence, the intraday downtrend or contraction may be the opportunity to increase the long position at low prices.