Vietnam Insight

Anticipating more news ahead. On Monday, Federal Reserve Governor Christopher Waller suggested that he supports holding off on interest rate cuts, citing recent economic data, unless inflation mirrors the trends seen in 2024. Investors are also awaiting February's US manufacturing and services PMI reports this week for further insights into the state of the economy. US stock futures climbed on Tuesday as investors returned from the extended holiday weekend, with market participants looking ahead to this week's release of the latest FOMC minutes to assess the outlook for monetary policy. Additionally, President Trump reaffirmed plans to impose tariffs on foreign cars starting April 2nd

The securities sector is excited. VNINDEX closed at 1,272.72 (-3.36 points, -0.26%) with higher-than-average 20-session trading volume. Blue-chip stocks plummeted, while mid- and small-cap stocks attracted cash flow. In the short-term trend, the market had a session that increased to the resistance level of 1,280 but failed the test. The current short-term sideways range will play the role of absorbing selling pressure around the 1275 - 1280 resistance zone before the cash flow factor confirms a positive return.

Trading Strategy: The market is currently trending towards a sideways trading pattern. For short-term trading, investors can consider deploying capital around the 1,240-point range and gradually take profits as it approaches 1,280-1,300 points. With a buy-and-hold strategy, investors can deploy additional capital when the VN-Index breaks out of and successfully defends the 1,300-point zone.

Buy Recommendation: ICT