20190729_BSC_Vietnam Daily Review_EN Struggling before the 1000 threshold TA_DCM_Break out

Market outlook 
In the morning, VN-Index struggled and declined at the end of the session due to increased selling pressure on VNM, VRE, and VHM. However, in the afternoon, the index reversed and uptrended thanks to the impressive breakthrough of stocks like VCB, VIC, GAS. The market had a volatile session in contrast with the general trend in the region. Liquidity was maintained at a low level, showing that investors are keeping a cautious psychology before a series of important macro events this week such as a new round of China-US trade talks or Fed meeting on 31/07.
 

Future contracts: Future contracts diverged from the movement of VN30. Future contracts decreased slightly compared to the previous session. The trading volume of the contracts decreased and the open position increased for VN30F1909 and VN30F1912, indicating rising expectation for price decrease in medium term. Nonetheless, investors can monitor and prioritize buying in the technical corrections of the underlying index around the support level of 880 points.
 

Coverred warrants: In the trading session on July 26, 2019, the market was negative as the majority of coverred warrants decreased following downward momentum of underlying securities. Trading volume increased slightly. Trading volume increased slightly. Technical indicators are showing uptrend on most underlying securities. Buying force may return in the coming sessions.

Technical analysis: DCM has experienced a break out session of the short-term consolidation period at the price level of 8.0. Stock liquidity surged sharply and surpassed the average trading level of 20 sessions. RSI indicator and MACD indicator are showing positive signal. DCM price line has also convereged upward with the ichimioku cloud band, signaling an uptrend in the medium term. Thus, DCM may rise back to the price level of 9.5 in the upcoming sessions.
DCM_Break out
(Please go to page 2 for buy/sell status of stocks and page 4 for Blue chip stocks information)

Highlights
• VN-Index gained today.
• Pulling up the index: VCB (+2.81); VIC (+2.30); GAS (+1.74); VHM (+0.29); EIB (+0.16)
• Pulling down the index: VNM (-0.51); VRE (-0.44); PLX (-0.37); HPG (-0.35); CTG (-0.32)
• The matching value of VN-Index reached VND 2,749.33 billion, +2.29% compared to the previous session.
• The trading range is 9.65 points. The market had 109 gainers and 193 losers.
• VN-Index +4.59 points, closed 997.94. HNX-Index -1.12 points, closed 105.29
• Foreign investors' net buying value: 9.96 billion dong on HOSE, including VCB (29.68 billion), CTD (23.65 billion) and GAS (17.93 billion). Like the recent sessions, they continued to net sell on HNX with the value of VND 11.45 billion.