14.07.2020, 00:02

Securities on July 14 through technical prisms


Securities on July 14 through technical prisms
Securities company Positive Neutral Negative BVSC X SHS X VDSC X VCSC X KBSV X

Reduce points

(Bao Viet Securities Company – BVSC)

In terms of short-term trend, the market in general still fluctuated in the range of 830-890 points. The MACD continued to recover to above 0 and was above the signal line, showing the improvement of market momentum. However, the decline of the Chaikin Money Flow indicator fell below zero, indicating that the market lacked support from the cash flow. In addition, the Stochastics Oscillator indicator also continued to maintain the decline from the overbought area and below the signal line. Therefore, it is likely that the market will still face downward pressure in the coming sessions.

The 880-890 zone will still be the nearest resistance zone for the VN-Index. On the other hand, in case the market declines, the 820-830 zone will act as a positive support zone to help the index recover.

Recovery back

(Saigon-Hanoi Securities Company – SHS)

VN-Index dropped in the first session of the week and the index currently closed below 870 points. The short-term technical signal is positive, with support at 855 (MA20). The mid-term technical signal is positive, with support at 855 (MA50). In the long term, VN-Index is moving in bear market with resistance at 895 points (MA200). It is forecasted that in the next trading session on July 14, VN-Index may recover to approach the nearest resistance level of 895 points (MA200).

HNX-Index dropped slightly at the beginning of the week and the index continued to close above 115 points. Short-term technical signals are positive with the support at 113.5 points (MA20). The mid-term technical signal is positive, with support at 112.5 (MA50). Regarding the long-term trend, HNX-Index is currently moving in the bull market with the support at 106.5 points (MA200). It is forecasted that in the next trading session on July 14, HNX-Index may recover to gradually move to the nearest psychological resistance level of 120 points.

The level of temporary risk is not high

(Rong Viet Securities Company – VDSC)

VN-Index gained unsuccessfully with the resistance of 877 points and decreased slightly at the end of the session. The MACD is still slightly recovering, the RSI corrects back to the 55 zone. This shows that the VN-Index is still cautious despite the recent positive signal, possibly due to the fairly strong force from near MA (200). At the moment, the correcting motivation is still there with the support area of 860 points, but in general, VN-Index is following the exploration and the temporary risk level is not high.

HNX-Index continued to fluctuate in exploration of 116 points with Doji Star candle. Technical indicators MACD still recovered slightly, RSI corrected slightly. This shows that HNX-Index is cautious and probing the pressure of the resistance level of 116 points. Currently, the risk index is temporarily not high and the exploration process can continue in near future.

Recommendation: The market is still cautious despite the recent positive signal, possibly due to the strong pressure from the MA (200) area of VN-Index. At the moment, the correcting motivation is still there but in general, the market is following the exploration and the level of temporary risk is not high. Therefore, investors should still observe the market and keep the portfolio in balance.

Test support at 858-868 points

(Viet Capital Securities Company – VCSC)

Short-term technical signals remain positive at the two stock exchanges. However, with a close below the MA5 at 809 points, the VN30 shows the possibility of further downward correction and may have an effect on the rest.

Tomorrow, large-cap group might lead VN-Index to drop in the morning to test MA5 support at 868 points. If this support is broken, the red could spread to small and mid-cap stocks; while the VN-Index may step back deeper to test the quite important support at 858 points, the convergence of the MA10, MA20 and quite close to this MA100 support at 856 points. With selling pressure not really drastic as in recent sessions, VCSC believes that this support level will temporarily not be violated. VN-Index and the market in general will have a certain recovery towards the end of the day. However, a new buy signal may only appear if the VN30 closes above the MA5 line at 809 points.

Leave the possibility of further adjustment open

(KB Vietnam Securities Company – KBSV)

VN-Index decreased slightly today with increasing selling pressure at the end of the session after an unsuccessful attempt to open a gap. Although the possibility of continuing correcting is still left with the nearest support level at 855, KBSV still tends to recover soon of the index with the expected target area around 920 (+ -5). Investors are recommended to cover partial buying orders during the correction sessions.

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

Source: ndh.vn