short-term trend of the market tends to be positive
(ASEAN Securities company -Asean SC)
VN-Index The second green candle appeared in the daily chart, and the closing price of in the short term MA5 daily line and MA10 Above the daily line, this is a positive signal. This shows that buyers are temporarily dominant and the short-term trend of the market tends to be positive. Therefore, AseanSC believes that in a positive case, VN-Index will test the resistance area near 1,380 - 1,390 points, with the next resistance expected to be at 1,400 - 1,410 points. In the negative case, the near-support area of VN-Index is predicted at 1,360 - 1,370 points and the next support area is predicted at 1,340 - 1,350 points.
may set a record high
(BIDV Securities Company-BSC)
weekly chart: VNIndex rose again after the previous week's callback and is currently at a historical high around 1375. The index tends to maintain its upward momentum in the medium term. ADX rose to around 31, and most technical indicators are overbought. MACD is now recovering to widen the gap with the signal line. The mid-term support of this index is around 1,235 points, corresponding to the current value of SMA20.
Comments: VN-Index tends to continue the fifth (V) Elliott wave and may hit an all-time high. In addition, market liquidity is showing a downward trend, but is still at a high level, indicating that traders still believe that the market has the ability to break through. According to BSC's evaluation, VN-Index may fluctuate in the 1,350-1,390 point range next week. In addition, oil prices enter a short-term correction stage, which may slow down the rise of in the near future.
If you want to have the opportunity to overcome the 1400 point mark, you must not only maintain the liquidity scale, but also maintain the interest rate spread of cash flow.
(KB Securities Vietnam – KBSV)
VN-Index continued to rebound and rose for the first time intraday. As the index just crosses short-term highs and establishes new all-time highs, the uptrend remains. The next expected target/psychological resistance area is located in the 1.40-fold area, and the market needs to maintain the price difference between liquidity and cash flow to have a chance to overcome this point.
market upward trend is still continuing
(Fuxing Securities Company - PHS)
VN-Index has risen for the second time in a row. trading volume increases to above the 10 and 20-day averages, meaning that cash flow is active. Not only that, the upward trend of the index continues. When the index closes above MA5, as the ADX line is above 24, the +DI line expands the distance from -DI, giving a signal to confirm the current upward trend. In addition, the index broke through the old high near 1,375 points, and the RSI rebounded to 65, indicating that the upward trend is getting stronger and may continue to rise in the next few trading days to challenge the psychological resistance level of 1,400 points.
HNX-Index also saw a similar situation. The index closed higher for the second consecutive day, closing above MA20, indicating that the upward trend is still continuing, and the index may challenge 330 points (old highs). Overall, the market's upward trend continues and there is a chance to challenge higher resistance levels.
needs to observe more trends on the next trading day on June 21 to more accurately identify the trend
(Saigon-Hanoi Securities Company - SHS)
technical analysis view is the Elliott wave scenario created earlier. The theoretical length in the standard scenario of bullish wave 5 is equal to bullish wave 1, that is, about 250 points (from 650 points to 900 points), and the goal of bullish wave 5 is The threshold of 1,250 points is near the meeting on April 12, 2021. In more positive cases, bullish wave 5 can extend to the target near 1,325 points (Fibonacci Retracement 161.8% Correction 4). This was also implemented in the 31/5th meeting. However, the intensity of the rising wave 5 is unlikely to be stronger than the third wave (from 800 points to 1200 points), so 1400 points can be considered a strong resistance at this stage. With the sharp declines in the 7/6 and 8/6 trading days, the market sent a signal to a correction wave a, with the recent target in the range of 1,180-1,190 points (50% of the upward wave at Fibonacci retracement level 5).
However, the index closed above 1,375 points last week, providing an opportunity to expand the fifth wave to around 1,400 points. However, due to uncertain uptrend and reduced liquidity, there is a risk of forming a double top pattern here. Therefore, it is still necessary to observe the trend of the next trading day on June 21 to judge the trend more accurately. Accordingly, in the next trading week from June 21 to June 25, if the June 21 period is really good, the market may rise to the resistance level near 1400 points. The nearest technical support for is near 1,350 points (MA20), and further near 1,290 points (MA50).
continues to rise
(Vietnam Capital Securities Company - VCSC)
short-term technical signal of VN30, HNX-Index temporarily turned positive after breaking through MA10. At the same time, the three indexes of VN-Index, VNMidcap and VNSmallcap are continuing to look for new peaks. is expected to continue to rise tomorrow. However, large-cap stocks may remain cautiously volatile and differentiated as VN30 has not yet broken through the old high of 1500-1510 points. At that time, cash flow may continue to choose speculative small and medium-sized sectors, among which representative indices such as VNMidcap and VNSmallcap have all hit record highs. As for VN-Index, while the index slightly surpasses the old highs, according to VCSC, there has not yet been a convincing sign of a "breakthrough". As VCSC said, if possible, it will eventually break through the 1,375 point mark.
still has a chance to hit another high
(Dragon Vietnam Securities Company - VDSC)
VN-Index continues to rise. technical indicators MACD and RSI both rebounded. After the support signal was issued, VN-Index slightly broke through the old high of 1,375. liquidity has increased slightly compared with the previous trading day, indicating that cash flow still supports the index. From the current signal, the more index still has a chance to hit a new high in the near future, but the that should be noted is, When approaching the resistance level of 1400-1410 points, the profit gives back pressure will increase again.
HNX-Index rose slightly. technical indicator MACD still fell slightly, while RSI rebounded slightly. Although has a support trend, the Hang Seng Index is still cautious when retrying the 320-point area. However, sell pressure has cooled down, and the index still has a chance to break through 320 points, and try the high of 330 points again.
Recommendation: VN-Index slightly broke through the old high of 1375 points, setting a new record high. cash flow still supports the index, and the VN index still has the opportunity to hit a new high, but it should be noted that when approaching the resistance level of 1400-1410, the pressure on profit-taking will increase again.
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 Financial 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
