Vietnam Insight

Key Highlights:

On December 13, as expected by the market, the Fed decided not to raise interest rates after a two-day policy meeting. The benchmark interest rate in the US is currently around 5.25-5.5%, the highest in 22 years. The updated Fed Economic Outlook shows that they could cut interest rates at least three times in 2024, bringing rates down to around 4.6%.

Technical view: On the weekly chart, VNINDEX closed at 1102.3 (-22 points, -1.97%) with low liquidity. Thus, after the effort to increase points in the previous 3 weeks to conquer the 1130 zone – corresponding to the EMA 200, the market finally could not overcome this quite important barrier. The expectation is that the market will return to test the 1080 zone again. The reference support resistance threshold is 1080 – 1130.

Investment Ideas: Investors can deploy positions in the low price areas of 1080 and take profits when the market moves towards 1130 and shows signs of reversal. Or with a strategy of holding according to the trend, investors can wait for the market to confirm that it has completely exceeded the 1130 area before increasing the proportion.

• Movement of cash flows and capital flows
• Top stocks worth noting
• Macro data