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, the Vietnamese stock market opened 767.42, the intraday high was 771.65, the lowest was 759.01, and the closing price was 771.63, an increase of 0.35%. From the technical perspective, due to the relatively high of -week K-line , the Vietnam stock market entered a fluctuation, consolidation and pullback trend after hitting a high of 796 points in the first two weeks. Especially from the daily indicator, it is more obvious. After hitting a new high, the daily indicator fell sharply for two consecutive weeks and gradually pulled back. After hitting a low of 759 points this week,
instead rose in volume on Thursday and Friday, and again stood at the psychological threshold of 770 points. This is as we said in our weekly review last week. If we can keep the psychological threshold of 770 points on Thursday and Friday this week, then the five-day and ten-day moving averages will re-establish the 60-day moving average , and the 20-day moving average of the Vietnam Index will gradually stabilize.
We can make preliminary judgment that the daily level oscillation and pullback has basically ended, and the Vietnam Index will gradually launch another round of rebound and upward trend based on the 60-day moving average. At the same time, it can also be seen from the MACD indicator that the MACD indicator of the daily line has shown a red columnar curve upward trend. Therefore, we can fully believe that the rebound is coming.
From the perspective of individual stocks, it can also prove our judgment. For example, the securities sectors with the deepest decline in the previous period, such as VND, HCM, and SSI, almost fell by 20% during the decline in just over a dozen trading days, which is the largest decline among all sectors. Although the weekly K-line indicators are still in an adjustment pattern, their daily indicators have fallen without falling. The strong technology stocks in the early stage, such as DHG, REE, FPT, and MWG, have gradually appeared in the bottom construction pattern during the daily adjustment process, which has laid a good technical pattern trend for the next round of rise. For example, bank stocks CTG, BID, and MBB also fell by nearly 10% during this round of decline, and the rebound is about to begin.
. Judging from the medium and long-term indicators, the May moving average is 756 points and the twenty-week moving average is 753 points, the Vietnam Index is still in the medium and long-term upward trend. Therefore, in the upcoming index rebound upward market, we recommend that you pay attention to the following stocks:
, such as REE in technology stocks. After more than ten days of continuous pullback, the daily level has completely formed an upward offensive pattern. At the current price, you can buy it gradually and hold it with confidence.
, and FCM in the manufacturing sector, especially after the crazy rise in the early stage, has gradually fluctuated around the 7000 gulf line in the past 20 days. The daily level indicator has a MACD red columnar line, which also indicates that the rise is about to break out.
Today we are further optimistic about PVI in insurance stocks. PVI Vietnam Petroleum Insurance is also on the way to rise. After a round of fluctuation and adjustment, the next step of rise is about to begin.
. Brokerage stocks such as HCM and SSI in blue chip stocks can be gradually bought at this price and will get a greater profit.
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.
