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.

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 1156.54, with an intraday high of 1160.32, a low of 1078.01, a closing price of 1119.86, a decline of 3.22%, and a trading volume of 1.178 billion shares, a shrinking from last week. The decline is so large, which is rare in recent days.

represents the Ho Chi Minh market VN index, which represents the Vietnam Index, not only fell below the 10-week moving average this week, but even fell to the 20-week moving average on Friday. The Hanoi market HN index, which represents small and medium-sized stocks, performed relatively tenaciously, only fell 0.57% this week, and the 10-week moving average did not fall.

Specifically speaking of the daily line indicator, the downward trend this week is becoming more and more obvious. Ho Chi Minh VN index has been falling below the 20-day moving average, 60-day moving average , and even close to 120-day moving average . Even if it rebounded on Friday, it did not stand on the 60-day moving average, which also caused an unfavorable situation for the short-term Vietnam index. At the same time, the 5th and 10th day, the 20-day moving average has been synchronized toward the dead cross this week.

Hanoi market HN index stands tenaciously above the 60-day moving average, which is better than the Ho Chi Minh market trend, and is still a typical bull market upward pattern. Therefore, this huge reversal is enough to show that it was caused by the sharp sell-off of the large blue-chip stock , which had a huge increase in the previous period.

From the perspective of medium and long-term trends, the Vietnam Index -week K-line has been downgraded for two consecutive weeks, especially this week, and it even fell below the 10-week moving average, causing the weekly K-line MACD to form a dead cross pattern at a relatively high level. This also verifies our predictions in the previous two weeks that Vietnam stock market will enter a weekly K-line level adjustment, so position control will be very important.

From the perspective of individual stocks, almost all blue-chip sectors, including banks, securities companies, real estate, and consumption, which had huge gains in the previous period, have almost all broken through and fell. Only the low-priced stocks that stagnate in the previous stagnation period, and the technology stock , which were adjusted in advance, stopped falling and stabilized.

At the same time, the differentiation of individual stocks is more obvious. The HCM in brokerage stocks has been continuously pulled due to the huge increase in the previous period, and the weekly K-line MACD further crossed. However, the trend of securities stocks such as SSI, VND, and MBS are still strong. The weekly K-lines of MBB and VCB in bank stocks also showed a dead cross correction, but the trends of ACB, BID, VIB and VPB are still strong. The VIC, NDN and KDH trends of real estate stocks are also strong enough.

Therefore, when the index enters a period of fluctuation and pullback, we recommend that investors strictly control their positions and make profits for individual stocks whose trends have shown obvious pullback patterns. At the same time, with enough cash left, and when the position is strictly controlled around 60%, you can continue to buy at low prices. Weekly K is still strong, while KDH in real estate stocks with relatively small increases, VIB in bank stocks, etc. At the same time, MWG, FCM, etc. that have been adjusted in the early stage can also be purchased at low prices.

Finally, we recommend that investors firmly believe that the Vietnamese stock market will still be a bull market in the medium and long term, blue-chip stocks with excessive gains in the early stage should reduce their holdings at high levels as much as possible to avoid losses caused by weekly K-line adjustments and leave enough cash. Only in this way can we advance, attack, retreat and defend, and fully enjoy the returns brought by Vietnam's bull market.

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.