Vietnam Insight

The stock market is stable – Crude oil prices dropped sharply. In Tuesday’s regular trading, the S&P 500 and Nasdaq Composite both fell—dropping 0.47% and 1.35%, respectively—marking their fourth consecutive losing session as technology stocks continued to decline. Market participants are also awaiting the second estimate for fourth-quarter GDP growth, as well as the upcoming PCE price index report, both of which will offer key insights into the economic and monetary policy outlook. WTI crude oil futures fell below $69 per barrel on Tuesday, closing in on their lowest level since December 10th, due to US President Trump's foreign policies and broader concerns about the US economy. 

The VN-Index surpassed the 1300-point resistance level. VNINDEX closed at 1,303.16 (-1.4 points, -0.11%) with higher liquidity compared to the 20-session average. The market experienced strong fluctuations throughout the session, forming a bullish hammer candlestick at the end of the session while still maintaining above the 1300-point mark. In the short-term trend, the 20-day EMA at 1271 acts as a crucial support level. In a positive scenario, if cash flow increases and selling pressure does not become too strong, the market is expected to continue its upward trend

Trading Strategy: The market is trending with a primarily upward sideways trading pattern. For short-term trading, investors might consider buying when the VN-Index experiences a correction around 1270 and taking profits when the market trades with euphoria above the 1300 level. For a buy-and-hold strategy, investors could add to their positions when the VN-Index successfully breaks above and holds the 1,300-point range

Buy Recommendation: NT2