30.06.2020, 00:07

Recommendations on derivative securities session 30/6: Short-term recovery with resistance near 800 points

From the technical perspective, the VN30 is still in a weakening span. However, the MA (100) is still a significant support area for the index in the short term so it is likely that the VN30 will continue to be supported at the 770 point level.

The derivatives market on June 29 was negative with the decrease of futures contracts.

Accordingly, the VN30F2007 contract closed down 1.94% to 763 points. The two contracts, VN30F2008 and VN30F2009, closed at 754.5 points and 746.1 points, respectively, down by 1.9% and 2.15%. In the same direction, the VN30F2012 dropped 1.98% to 747 points.

Liquidity on derivatives market on June 29. Source: VDSC

The VN30 continued to decline after a failed recovery in the previous session but is temporarily being supported at the MA (100) area, equivalent to 770 points while the stoch technical indicator is weakening back to the oversold area. .

This shows that the trend of the VN30 is still in a weakening span. However, the MA (100) is still a significant support area for the index in the short term so it is likely that the VN30 will continue to be supported at the 770 point area and recovering short-term with the near resistance area. 800 points.

Forecasting derivatives trading session 30/6:

Rong Viet Securities (VDS)

It is expected that VN30F2007 will retest the area of 758-760 and have a chance for short-term recovery. Therefore, investors might consider opening a Buy (Long) position at 758-760, cutting a loss below 756 and taking profit at the 768-770 area.

Source: Rong Viet Securities

KIS Vietnam Securities (KIS)

VN30F2007 dropped sharply in the previous session, forming an important support zone at 760 points.

In this case, investors consider opening Short (Short) when the 760 point level is broken, the target is at 710 points and stop-loss immediately at 765 points.

MB Securities (MBS)

The market was affected by the less positive developments at the end of last week, so all 4 HDLs dropped sharply in the first trading session of the week.

Meanwhile, the total liquidity in the market today increased sharply by 53% compared to the previous session, reaching 218,812 contracts matched during the session.

Investors should only consider the statements of securities companies as a reference source. Securities companies all recommend disclaiming liability for these statements.

Source: vietnambiz.vn