sellers have the upper hand
(ASEAN Securities Company -Asean SC)
On the VN-Index daily chart, the second red candle "meteor" appeared , and the closing price of is lower than the 5-day moving average, and has high liquidity , which is a very negative signal. This indicates that sellers are temporarily dominant. In negative cases, VN-Index may test the support area near 1,345-1,350 points, and the next support area is expected to be 1,335-1,340 points. In positive cases, the near resistance area of VN-Index is expected to be at 1,355 - 1,360 points and the next resistance is expected to be at 1,365 - 1,370 points.
correction risk continues to exist
(KB Securities Vietnam – KBSV)
After the VN index failed to successfully rebound in the morning, the decline continued to weaken, and the downward momentum expanded near the end. The fact that trading volume lowered span during the meeting stronger growth shows that the pressure of distribution has not stopped and the risk of adjustment remains. The positive point of is that the index is close to the support area of 134x, and there is a chance that the rhythm of recovery will soon appear, but this signal currently only has the meaning of T+.
suggests that investors can restart small proportion T+ trading when the index falls to 134x support area, but the average commodity cost or combination reorganization after selling is required to be the middle position holding period.
index may end technical fluctuations
(Fuxing Securities Company – PHS)
VN-Index fell for the second time in a row. The trading volume of has fallen, but is still higher than the 10-day and 20-day moving averages, indicating that the market still has cash flow. Not only that, the short-term main trend is still recovering. When the index closes above MA20, the 5, 10 and 20-day moving averages show positive divergence, indicating that the recent decline period may be in technical fluctuations, with support nearby 1,341 points (MA50). In addition, the MACD line is still above Singal, maintaining the buy signal, and the +DI line is above -DI, which means that the recovery momentum is still quite strong, and the index may end the technical oscillation and return to the main trend. The target is near the old peak at 1,400 points.
There are similar situations for HNX, HNX-Index. Although the index of fell for the second time in a row, it still closed above MA20 and showed a positive divergence from MA5, 10 and 20 beams, indicating that the decline may be technical, the main trend is still rising, and the index may soon return and challenge the psychological threshold of 350 points upward. Overall, the downtime on August 12 may be technical, just to strengthen a more sustainable recovery trend. Therefore, investors should grasp the volatile rhythm and reorganize their portfolios into with good fundamentals, good second-quarter performance and strong cash flow.
VN-Index Revised to the nearest support area of 1,325-1,350 points
(Sai Kung Hanoi Securities Company – SHS)
rising wave 5 (from 1,000 to 1,420 points) ends when the Elliott wave theory reaches the length of the same 420 points bullish wave 3 (from 780 to 1,200 points). and with the 6/7 market falling sharply (-4%) to break through short-term support near the 20-day moving average, liquidity is higher than the 20-day moving average, and the market confirmed the target of pullback a wave a at around 1,210 points (the Fibonacci pullback of bullish wave 5 is 50%). The fact is that VN-Index has reached the 1,225 point threshold during the trading session on July 20 and then recovered from it. With this development, it can be considered that correction a has ended, and is currently a retracement wave b with a target range of 1,325-1,350 points (50%-61.8% of Fibonacci retracement level correction a). With the upward period on August 9, the recovery wave b exceeded the theoretical target at around 1.
However, it has two consecutive trading days of pullbacks, with liquidity higher than the previous trading day. It can be seen that the market is weakening. You need to wait and see on the weekend to see if the VN index can be maintained at the upper threshold of 1,350 points. is expected to continue to pull back to the latest support range of 1,325-1,350 points on the last trading day of the week on August 13.
maintains downward momentum
(Dragon Vietnam Securities Company - VDSC)
VN-Index reversed and fell after approaching the 1.375 area. Indicators such as ADX and MACD have not shown obvious negative signals yet, but are beginning to show adverse signs, so the uptrend indicator will recover soon. Therefore, the VN index will maintain its downtrend and approach 1.336 of EMA 12.
HNX-Index is accumulating here after breaking through the 330 area. ADX trend narrowed, and MACD did not see negative signals. Therefore, HNX-Index will find it more difficult to obtain and maintain sideways, requiring retesting of the 330 area.
is also in the accumulation stage
(Yuata Securities Vietnam – YSVN)
market may continue to be revised at the beginning of the meeting and will soon return to the upward trend at the end of the meeting. At the same time, VN-Index may test the support level of 1,340 points (i.e. 50-day moving average), and cash flow may distinguish stock groups, especially The group of stocks profit quit pressure may increase. Small and medium-cap stocks in the upcoming trading day. However, this pullback did not affect the market's short-term upward trend.
short-term trend is still upward. Short-term investors can continue to hold high proportions of stocks in their portfolio and limit selling on pullbacks.
