Securities on June 23 via technical prism
admin 23-06-2020, 00:07

Securities on June 23 via technical prism
Securities company Positive Neutral Negative BVSC X SHS X VDSC X VCSC X KBSV X

Keep going sideways

(Bao Viet Securities Company – BVSC)

The market continued to have low volatility during the session. In the near future, the index might continue to move sideways in the area of 840-900 points. In particular, the resistance is converged by the upper BB band and the MA200 at 900-910 points and the support is converged by the lower BB band and the MA100 point at 830-840 points.

Regarding technical indicators, ADX indicator continued to drop below 30, showing that the market’s trend is still weakening and may start entering the sideway stage. Meanwhile, the Stochastic Oscillator indicator is pointing up and staying above the signal line, indicating that the market is likely to continue going up in the next few sessions.

The market is forecasted to continue sideway in the 840-900 area in the near future. In the short term, the market may continue to have gains in the short term.

Keep going up

(Saigon-Hanoi Securities Company – SHS)

VN-Index increased slightly in the first session of the week and the index closed at the close of 870 points (MA20). Short-term technical signals are positive with the support at 870 points (MA20). The mid-term technical signal is positive, with support at 830 points (MA50). In the long term, VN-Index is moving in bear market with the resistance level of 905 points (MA200). It is forecasted that, in the next trading session on June 23, VN-Index may continue going up with the nearest resistance level of 880 points (fibonacci retracement 61.8%).

HNX-Index dropped slightly in the first session of the week and the index currently closed below 115 points (MA20). The short-term technical signal is negative with resistance at 115 points (MA20). The mid-term technical signal is positive, with support at 111 (MA50). Regarding the long-term trend, HNX-Index is currently moving in the bull market with the support at 105.5 points (MA200). It is forecasted that, in the next trading session on June 23, HNX-Index may recover with the nearest resistance around 115 points (MA20).

Temporarily regained balance

(Rong Viet Securities Company – VDSC)

After falling deeply to the support level of 840 points, VN-Index appeared to recover slightly. The index temporarily regained its balance above 840 points, after previous strong fluctuations. The medium-term uptrend is still preserved, but if it falls below 840 points it will turn negative. The MACD is flat, giving a neutral signal. The RSI bounced up from the 50 level and is gradually becoming positive

HNX-Index is struggling around the support level of 113 points. The MACD indicator is in the negative state when it is below the signal line. The RSI indicator gives a neutral signal when struggling around the 50 level.

Recommendation: Indices fluctuate in a narrow band with moderate liquidity. The recovery is taking place but the liquidity in general has clearly weakened compared to the previous period. Investors continue to consider reducing the proportion of stocks in the portfolio to a safe level.

Test the short term resistance at 872 points

(Viet Capital Securities Company – VCSC)

Short-term technical signal of VN-Index, VN30 improved to neutral level with MA20 resistance at 872 points and 814 points – similar to HNX-Index’s signals. VNMidcap and VNSmallcap still maintained a positive signal.

It is expected that the improvement of VN30 signal could boost demand in leading stocks and help the market gain in the morning. Accordingly, VN-Index and VN30 will test the short-term resistances at 872 points and 814 points, respectively.

Leave open the possibility of further expansion

(KB Vietnam Securities Company – KBSV)

VN-Index struggled in a narrow range at the resistance around 870 today with the formation of a doji candle pattern. A neutral candlestick pattern is not enough to confirm a reversal signal of the index. In addition, the movements in the session still left the possibility of further expansion of the recovery span. For that reason, KBSV moved the next resistance area to 880-885. Investors are recommended to temporarily close short-term positions, wait for signals to confirm a clearer trend before buying again.

Investors should only consider the statements of securities companies as a reference source. Securities companies all recommend disclaiming liability for these statements.