Research Center

The captured long positions on VN30F2112 should not be closed and stop the loss when there is the closing price below 1,530 pts level (Hourly chart).

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.

The captured long positions on VN30F2112 should not be closed and stop the loss when there is the closing price below 1,530 pts level (Hourly chart). For new positions, buy VN30F2112 after ATO session and stop the loss when there is the closing price below 1,530 pts level (Hourly chart).

In 9M21, SSI posted a VND1,697bn net profit (+93.9% YoY), beating the full-year guidance by 13.4%. SSI is trading at a 23.9x TTM PE and 3.7x PB ratio, higher than the local peer median of 19.8x and 3.5x, respectively. SSI valuation is warranted by its top three largest broker and top one in margin loan provider who could make the most benefit from the rising daily average trading value up to VND 31tn in late Nov.

The captured long positions on VN30F2112 should not be closed and stop the loss when there is the closing price below 1,530 pts level (Hourly chart).

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.

Economic recovery continued gaining momentum in the second month of the reopening with robust growth in trade and industrial sectors taking a spotlight. Furthermore, a marked rebound in the retail sector also caught our eyes. On the other side, inflation was also signaling upward pressure from inflated energy prices, although it remained well-controlled.

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.

The captured long positions on VN30F2112 should not be closed and stop the loss when there is the closing price below 1,530 pts level (Hourly chart).