Continue tug-of-war ?
ASEAN Securities Company (Aseansc): Aseansc said that the main reason why the VN index fell was on July 14, when banks shares weakened . The brokerage predicts that during the trading period on July 15, VN-Index may have inertia of being unable to recover, and bottomed out to the support area near 1260-1270 points, and break through the support area of 1240-1250 points. is expected to see the tug-of-war in the low-price range and may help the index rebound later until the end of the day trend is clearer.
Technically, a long red candle appeared on the chart of VN-Index July 14, and the closing price of is above the 100-day moving average, which is considered a positive signal. This indicates that buyers are strengthening and the downward momentum is beginning to slow down.
Therefore, Aseansc believes that in a positive case, VN-Index will test the resistance area near 1,280-1,290 points, with the expected next resistance at 1,300-1,310 points. In the adverse situation of , the near-support area of VN-Index is predicted at 1,260-1,270 points, and the next support area is predicted at 1,240-1,250 points.
Restricted margin use
MB Securities Company (MBS): MBS believes that the complex development of the new crown epidemic has led to the decline of global stock market , and the Vietnam market is no exception. In addition, the trading volume pressure of T+3 stocks will be back in the July 15th period, which also led investors to stop losses when VN-Index fell below its lowest level on July 12th.
Technically, the VN index is close to the MA100 support area and the 12/07 low, and if this support is broken, it will trigger another strong selling order. Therefore, investors are not in a hurry to buy the bottom. What they need to do now is to prioritize risk management and cut margins rather than average prices.
1,330 points quickly rebounded
Tan Vietnam Securities Company (TVSI): TVSI Evaluation July 14 The VN index during the trading session continued to bearishly swallowed the candles and fell again due to a significant weakening signal from retail and banking. The VN index remains at a strong support area near 1,270-1,275 points, even if this level has been broken. The wait for to buy at a low price is still very strong, as the fact that the last 3 candles have an exit signal in the low value area shows.
The fact that the banking industry weakened significantly during the 14/07 period shows that it is difficult for the banking industry to rebound, leading the market to continue in the next period.
On the other hand, when many technical indicators reach the oversold area, the market is still expected to have a certain recovery span. If VN-Index has a recovery span, the current short resistance level is the accumulated area that was previously around 1,330 points. The main trends in the market need to be determined until the derivatives expire.
The securities company predicts that the medium- and long-term market will rise. In the short term, when the oversold signal becomes more obvious, it is expected that VN-Index will quickly rebound to around 1330 points. 's current strong support is the value area of 1,270-1,275 points. Will there be unexpected fluctuations in
?
Saigon-Hanoi Securities Company (SHS): SHS Assessment The VN index fell sharply during the 14/07 period. Although liquidity increased slightly compared with the 13/07 period, it was still below the average level, showing selling pressure. out is not really strong. However, as the VN index closed with 5 consecutive red candles, market sentiment remained in a negative light. From the perspective of Elliott Wave, the VN index continued to move in the callback a after losing its support line MA20 on July 6, with the theoretical goal around 1210 points.
The next trading period on July 15 is the expiration date of the VN30 futures contract in July 2021, so the ATC period may experience unexpected situations as usual, and investors should pay attention to this to avoid being passive. The brokerage predicts that during the trading session on July 15, the market may continue to fluctuate, with a range of 1260-1300 points (Fibon retracement 31.8% upward wave 5-psychological mark). Investors participate in bottom fishing near 1300 points during the 12/7 period, so they should continue to pay attention to the market during the 15/07 period. If the VN-Index has a pullback, it may increase its weight rhythm and correct it near the 1,260 point support level.
1,260
KB Securities Vietnam (KBSV): KBSV The VN index evaluated during the 14/07 period was green at the beginning of the period and then fell back to challenge the short-term support area. The fact that the index fell in the first two trading days but the liquidity decreased shows that the allocation pressure in the low-price areas is not too great, even when breaking through the span at the bottom. The support area of 1.26x will remain a significant support point for the index in the short term, and the rebound signal that touches support at the end of the trading day opens up the possibility of entering a rebound span in the next few trading days.
This brokerage firm recommends that investors continue to increase their positions when the index falls to the 1.26x support area.
Disclaimer: This article does not constitute investment advice. Investment is risky, so be cautious when entering the market
Manuscript source: Vietnam Securities News (Chinese online version)
Produced by: ASEAN Network Information Center
Process Editor: Shang Qun
Special reminder: No excerpts, reprints or quotes in any other way without permission. If you need, please contact [email protected]. If has been allowed, please note: The original text comes from the official account Yue Finance
