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 1115.90, with an intraday high of 1129.89, a low of 1103.16, and a closing price of 1121.21, with a trading volume of 1.3 billion shares, further enlarging from last week.
From the medium and long-term trend indicator -week K-line, after the jump opened high this week, the Vietnam Index stood above the 5-week moving average and fluctuated strongly, and the 10-week moving average also went upward simultaneously. The weekly K-line MACD also appeared in a red columnar line at a relatively high level, and began to turn upward, indicating that the market is very strong.
At the same time, from the daily indicators, this week, the 5 daily moving average fluctuated and consolidated in a narrow range around the 5 daily moving average for five consecutive days, and the trading volume rose and fell simultaneously to increase and shrink. In this way, the 10-day moving average quickly rose from the low level until it crossed the 20-day moving average on Thursday, so that the 5-day and 10-day moving averages both crossed the 20-day moving average at the same time and stood firmly above the 10-day moving average.
daily K-line MACD also turned upward last week and synchronized the golden cross, and also continued to move upward this week. Therefore, from the analysis of the market trend, this week, the Vietnamese stock market stubbornly ignored the huge fluctuations and impacts brought about by the sharp drop in US stocks, firmly stood above the 10-day moving average, and walked out of its own independent upward market.
From the perspective of individual stocks, this week it is still bank stocks and brokerage stocks and , and the strong will always be strong. For example, VPB Bank, MBB Bank, ACB Bank, BID Bank, and CTG Bank have all hit recent highs. VND Securities, a securities stock, rose sharply for three consecutive days after equity registration on the 26th, setting a high point in the stock price after ex-rights.
At the same time, blue-chip stocks also showed differentiation, while the index continued to rise strongly. For example, MWG, REE, DHG and other technology stocks that were strong in the early stage have been weak recently, showing a low-level consolidation technology trend. VNM in consumer stocks also fluctuated after falling at the previous high.
Therefore, we must avoid the risk of missing the rise of the index, and at the same time avoid the counter-trend decline caused by buying the wrong stock. For example, the strong low-priced stock FCM, which had been fluctuating and lowered in the early stage, forming a weak technical pattern.
, and a batch of high-quality stocks such as SHS have shown a rapid rise in technical trends as the general trend rises. When the current technical trend is not very clear, control positions and hold strong sectors in your hands, such as banks and securities firms, must firmly grasp them. At the same time, you can buy some low-priced high-quality stocks such as KDH that are at the bottom on dips.
The strong HVN Vietnam Airlines , after a sharp decline and a correction in the early stage, has entered the second round of upward channel from the daily indicators, and you can pay attention to it when it is low.
We recommend that when the current technical trend is fluctuating and upward, the position should be strictly controlled between 50% and 60%. In this way, the losses caused by large fluctuations in the market can be avoided, and the market can be avoided from missing.
Statement: The above content only represents personal opinions, and the investment losses caused by this shall be borne by the investors themselves. Please make cautious decisions and invest rationally.
