Research Center

Because the VNIndex closes above the 50-period moving average, the uptrend still is intact in the short term. Hence, traders should hold long positions and focus on the leading sector.

The VNIndex retests its 50-period moving average. If the VNIndex closes above the line, the uptrend will still be intact in the short term. However, If the VNIndex fell below the threshold, the last breakout is false. In this case, the downtrend from July is likely to continue. Therefore, traders should wait for the next signal.

Despite the contraction, the short-term uptrend is still intact as the VNIndex closes above the 50-period moving average. Therefore, traders may increase their long position.

Foreign selling activity kept overwhelming. Selling pressure focused on Real Estate and Consumer Staples whilst Financials attracted the most foreign demand across the market. With ETF flow, money inflow has come back to Vietnam. Importantly, the surge of inflow was mainly contributed by the slowdown of outflow among Fubon FTSE Vietnam ETF and VFMVN Diamond ETF.

The VNIndex confirms the uptrend in the short term because the index closes above the 50-period moving average. Therefore, traders may increase their long position.

In this situation, traders should wait for confirmation signals to increase the long position. Besides, the long-term uptrend is still intact. Hence, the contraction is the opportunity to accumulate stocks for long-term positions at significant supports such as the 1,250-pts threshold.

Despite the fourth gaining session, the VNIndex has not yet confirmed the uptrend. Until the VNIndex closes above the 50-period Moving average or 1,340-pts threshold, traders should be careful and stay on the sidelines.

Despite the second bullish session, the VNIndex has not yet confirmed the uptrend. Until the VNIndex closes above the 50-period Moving average, traders should be careful and stay on the sidelines.

Based on data of 31 Aug, we expect that FTSE Vietnam ETF will add VCI and not exclude any ticker in the 4Q21. Besides, VanEck Vectors Vietnam ETF will not remove Vietnam stock but add KDC and DGC in this quarterly review.