Weekly Report

With a fairly balanced trend, investors are recommended to maintain a low holding rate in dominant stocks during the differentiation process. In a positive scenario, if the VN Index breaks out of the key resistance around 1000 points, an increase in the stock proportion can be made in next correcting spans.

Investors are recommended to take profit from a part of short-term portfolio which has disbursed in the sessions before VN Index approached this resistance area; and temporarily lower the proportion of the total portfolio to a safe level before waiting for the next signal.

Investors are recommended to limit opening new buying positions, and only focus on trading with better-than-average stocks in the process of divergence with a low proportion of portfolio.

Investors are recommended to continue buying a part of short-term positions for the target stocks that have returned to the short-term support areas.

Investors are recommended to limit short-term trading activities, only maintain a part of the portfolio with better-than-average stocks in the diversification process and target stocks for the medium-term position when the market goes back to the remarkable support areas around 940-945.

Investors are recommended to follow the movements of the CNY exchange rate and movements from the US to be flexible in trading. We believe that the market sentiment will still be negative in the next week, but partly eased thanks to the expectation that Fed will continue to lower interest rates in September. Besides, the decline of the general market in the recent 2 weeks has partly reduced the pressure of profit-taking after the 4 consecutive gaining weeks in July.

Investors are recommended to take advantage of recovery sessions, especially if VN-Index can surpass 1,000 points again next week to take profit of short-term trading positions. Investors should buy again partially then when the market corrects and goes back to the remarkable support levels - it is possible to refer to the VN-Index's close support level at 975-978 points.

Investors are recommended to sell stocks that are approaching the resistance/ target price zone, and reduce the portfolio proportion to a safe level.

Investors are recommended to increase the short-term proportion in the sharp corrections, expecting the short-term uptrend to continue. However, in case the VN-Index does not correct but continues to rise in the first sessions of the next week, and quickly approaches the resistance level of 990 as mentioned above, the selling plans to reduce the proportion can be considered to bring the share rate to a safe level.

Supported by the positive moves on the international market, especially since the Fed signaled to reduce interest rates, the domestic market continued to record gains, with VN-Index and HNX index simultaneously climbed 0.01% and 1.42%.