Skip to main content

Vietnam Index (HD9:SGX) Trending Higher

 



The Vietnamese economy has faced significant challenges since late 2021, mainly due to the slowdown in global trade volumes and high inflation rates.

However, with inflation gradually easing, Prime Minister Pham Minh Chinh has signaled his intention to introduce growth-boosting policies. The Vietnam index has also shown promising signs, having exited its previous downtrend channel and now seemingly consolidating. Given the current momentum, we expect the index to revisit its recent high of 1,120, and potentially surge towards the 1,200 mark if this positive trend persists.

https://www.bloomberg.com/news/articles/2023-06-03/vietnam-s-pm-urges-focus-on-growth-with-inflation-under-control?sref=HeOgpUGN



Disclaimers apply

Most Popular

Wyckoff's Law of Effort

Law of Effort Wyckoff's Law of Effort states that on any single trading day (or week depending on time frame), huge volume (effort) push by participants should see huge price movement, resulting in a wide spread (long body). This is a basic principle of effort and result. However, as per Singtel's case study, we saw huge selling volume on 11 May, yet the price action only shows a narrow spread (small body). This divergence of effort and result in Wyckoff's Law of Effort principles, indicates possible exhaustion in selling or hidden buying. Thus, with a lack of weakness, Singtel should continue trading range bound for the coming days or weeks till further strength or weakness is observed. Swing Traders who trades range can consider positions at 3.70-3.72, with exit target 3.76-3.78.
Read more

DBS Group Holdings (D05): Upward Move Expectations

  DBS Group Holdings (D05) Upward Move Expectations Technically, price trading above 36.58, could see DBS Group retest  previous high of 38.55. Both Relative Strength and momentum indicator FFI are supportive of the move. Stop below 35.42 Disclaimers apply
Read more

Keppel DC REIT (AJBU): Expect price to trade towards S$2.00

  Keppel DC REIT (AJBU) Expect price to trade towards S$2.00 We have observed a decrease in technical supply at the S$1.80 support area during recent trading sessions. Furthermore, a softer interest rate outlook could be advantageous for the Data Centre operator.  Consequently, we anticipate the REIT to move towards our initial target of S$2.00, with the potential to reach S$2.20 if it breaks through resistance. Our stop level is set below S$1.72. Disclaimers Apply
Read more