Market commentary on August 18: ‘There is still a chance to extend the uptrend’

Đăng bởi

  • VDSC believes that the market will continue to challenge in the near future and still have opportunities to extend the rally.
  • YSVN believes that the market might continue moving sideways around the 50-day average threshold. At the same time, the market is still in the accumulation phase, so the cash flow is still diverging between stock groups and the market only saw a slight correction or only corrected during the session.
Securities companies Positive Neutral Negative
BVSC X
SHS X
VDS X
MBS X
YSVN X

Increase points back – (Bao Viet Securities Company – BVSC)

VN-Index is expected to increase again in the next session. The index will challenge resistant level of 852-858 points again. This will still be resistant level so the index might correct again. In general, the index is still expected to surpass resistant level of 858-860 points soon to challenge strong resistant level of 878-883 points in short-term. Market movements may be subject to strong fluctuations in the middle of the week as Thursday will be the maturity date of August futures contracts. In addition, portfolio restructuring activities of investment funds according to the MSCI Frontier Market Index Index will also take place in the last weeks of August and can create strong fluctuations in blue-chips in the portfolio of these indices.

Investors should maintain the proportion of the portfolio at around 50% of stocks. Investors might consider opening short positions when the index challenges the resistant level of 852-860 points again. For investors who have sold to reduce the proportion, temporarily stay out of the market.

Continue to decrease points – (Saigon-Hanoi Securities Company – SHS)

The VN-Index may continue to decline with the nearest support around 850 points (MA50) and further around 830 points (MA20). Investors who disbursed to catch the bottom in the previous drop and took profit in the past week should temporarily stand outside and observe the market in the next session.

There is still an opportunity to extend the uptrend – (Rong Viet Securities Company – VDS)

The VN-Index was supported at 842 points and showed signs of recovery at the end of the session. In general, the market is still on an increasing trend and is currently in a correction phase. It is expected that the market will continue to challenge in the near future and still have opportunities to extend the uptrend. Therefore, investors can continue to observe the market and can choose some stocks with good technical signals for short-term surfing.

There is a chance to recover or break out of resistance – (MB Securities Company – MBS)

Now that the season is over, pressures on the market from the second quarter economic data have also been reflected in the accumulation span of nearly two weeks. The positive point is that foreign investors are reducing the pressure of net selling, outside countries in the final steps to release vaccines, global stocks are also increasing today. Therefore, the domestic market will have a chance to recover or break out of the resistance in the coming sessions. Technically, the VN-Index is facing resistance at 860 points, groups of stocks with positive business results in 2020 will be the addresses of cash flows.

Are in the accumulation phase – (Yuanta Securities Vietnam – YSVN)

YSVN believes that the market might continue moving sideways around the 50-day average threshold. At the same time, the market is still in the accumulation phase, so the cash flow is still diverging between stock groups and the market only saw a slight correction or only corrected during the session. In addition, short-term sentiment remains optimistic suggesting that short-term risks remain low.

Investors should only consider comments of securities companies as a source of reference information. Securities companies all recommend disclaimer for the above comments.

Trả lời

Mời bạn điền thông tin vào ô dưới đây hoặc kích vào một biểu tượng để đăng nhập:

WordPress.com Logo

Bạn đang bình luận bằng tài khoản WordPress.com Đăng xuất /  Thay đổi )

Google photo

Bạn đang bình luận bằng tài khoản Google Đăng xuất /  Thay đổi )

Twitter picture

Bạn đang bình luận bằng tài khoản Twitter Đăng xuất /  Thay đổi )

Facebook photo

Bạn đang bình luận bằng tài khoản Facebook Đăng xuất /  Thay đổi )

Connecting to %s