Henry, the first overseas financial trader in Vietnam, has an in-depth analysis of Vietnamese stock market, sectors and individual stocks. We invite Henry to exclusively interpret it, the Vietnamese stock market weekly review, and the latest news in the Vietnamese market.
Below is Henry's evaluation of the Vietnamese stock market in the past week:
This week's Vietnamese stock market index opened 954.28, with an intraday high of 990.10, a low of 952.41, and a closing price of 984.24, an increase of 3.35%, and the trading volume was slightly larger than last week. This week is also the final battle in 2017. The sharp rise this week, from the technical indicators, also indicates that 2018 will definitely be a year of hope for the Vietnamese stock market with passion and sharp rise.
Let’s give a general review of the Vietnamese stock market in 2017. In 2017, the Vietnamese stock market reached 984.24 from 664.87 in January to the end of December, with an increase of nearly 320 points, a 48%. This result is also topped the list in Asia. The increase in Vietnam's stock market is so huge that it depends entirely on the fundamentals of Vietnam's rapid economic growth, as well as the rapid development of Vietnam's industrialization and urbanization. From a technical perspective, the bear market that has lasted for nearly ten years is about to end and turn to rise.
Therefore, we have been firmly convinced since 2016 that the Vietnamese bull market will definitely come, and the strong rise in the Vietnamese stock market in 2017 is only the initial stage of value recovery. The upcoming 2018 will be the golden period of rapid rise in the Vietnamese stock market bull market.
Specifically for the weekly indicators, due to the rise in the past two weeks, the five-week moving average , ten-week moving average, twenty-week moving average, and long-term sixty-week moving average and one hundred and twenty-week moving average have all begun to enter a divergent state upward, which is also a typical bull market standard pattern. At the same time, MACD, the weekly K-line of , also began to extend the red columnar line upward. Therefore, from the perspective of the weekly K-shaped pattern, the Vietnamese stock market is still a typical slow bull, with steady rise and fluctuating upward pattern, and has not yet entered a crazy pull-up, resulting in the weekly K-line at a high stage.
Judging from the K-line pattern of the week and html May K-line, the Vietnam stock market is still healthy and stable. Therefore, in the upcoming 2018, the Vietnam stock market is still healthy and upward. For investors, only by firmly grasping the blue-chip stock market and holding leading stocks in banks, securities companies, technology and consumer sectors, as long as the K-line indicator does not go out of the head form, the chips in their hands can still be no less than 70% to 80%, and some stocks can even intervene with full positions.
From the perspective of the daily K-line indicator, after nearly 20 days of significant adjustment, the MACD of the daily indicator of the Vietnam stock market has started from a relatively low level golden cross upward, and the further upward market has begun to rise. Therefore, the high-quality targets we hold, such as VCB and VPB in bank stocks, and HCM in securities stocks, , must still firmly grasp the bargaining chips.
At the same time, weekly K-line indicators such as KBC and FCM are oscillating at low levels. If you build the bottom pattern of , you can also buy on lows.
We recommend that investors maintain confidence in 2018 and not easily throw away the chips in their hands. Finally, I wish all investors that while achieving good results in the Vietnamese stock market in 2017, they also achieved excellent results in the Vietnamese stock market in 2018.
Statement: The above content only represents personal opinions, and the investment losses caused by this are borne by the individual. Please make cautious decisions and invest rationally.
