Daily Review

20161214_BSC_Vietnam Daily Review_EN_ Strong recovery market

  • Date

    14/12/2016

  • Language

    Tiếng Việt

  • Number of Downloads

    18

Detailed report

Highlight
So long the market participants can witness a session is extremely excited by the market combined with a rise and sudden volume on such a large scale since the time of Trading Regulation to take effect in September, the rare session which led market index rose to 1.6%, this is almost equivalent increase in the period of market conquest 660 resistance after recovering from the bottom 630 in the first weeks of August.  This session, the market has formed Marubozu white body candle, rose more than 10 points, the index market near the old support level from the beginning months and closed at 665.14 points.


Market commentaries
The trading sentiment was better after a long down trend, thanks to strong gains from largecap stocks. It is necessary for investors to expect a healthy movement of market rather than an increased market with most of stocks market declined sharply. Passing the short term average MA (15), the market has a chance to go into a short-term uptrend and conquer the old support levels, 670-675 price range. Most of the stocks by market capitalization had signal of recovering after a long time of falling and this can be an opportunity for investors to consider joining the market.

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