Research Center

November data showed that a worsening COVID-19 situation in the U.S. and Europe has again put downward pressure on export activity. For the domestic market, demand has remained strong with retail sales and import accelerating. However, the recent community-infection concerns us about the economic outlook in the near term. Hence, we predict that the economy will deviate from the acceleration rail to the extent that reversely related to how effectively the government controls the new COVID wave.

Buy VN30F2012 at 970 pts zone, take a profit at 1,000 pts and stop a loss when 960 pts level is broken.

The VNIndex closes above the 1,000-pts threshold, implying the short-term uptrend. Thus, traders should hold their long position and focus on leading stocks.

As mentioned above, market has entered the uncertainty zone where 2019’s peak was formed. Thus, investors should hold the current positions and should not increase the proportion on leading stocks at this zone.

The short-term uptrend of the VNIndex is intact as the index formes three gaining session and closes above the 1,000-pts threshold. Thus, traders should hold their long position and focus on leading stocks.

Buy VN30F2012 after ATO session, take a profit at 1,000 pts and use the tight stop by placing the stop order at 980 pts.

Based on data of 30 Nov, we expect that FTSE Vietnam ETF and VanEck Vectors Vietnam ETF will not add or exclude Vietnam stocks in this quarterly review. POW, GEX, and TCH will be bought the most. Besides, HPG and VRE are expected to sell heavily.

Buy VN30F2012 at 975 pts zone, take a profit at 990-1,000 pts and stop a loss when 960 pts level is broken.

In the short term, the bullish market is dominant as the VNIndex confirmed its uptrend. Thus, traders should hold their long position and focus on leading stocks.

Buy VN30F2012 at 975 pts zone, take a profit at 990-1,000 pts and stop a loss when 960 pts level is broken.