[15/07/2022] MARKET NEWS: 1,190 POINTS PLAY A DEFINING ROLE FOR THE MEDIUM-TERM UPTREND

??Stocks rose sharply due to information that T+2.5 (a formula we set) will be applied from August to shorten trading time.

??HCM is entering the resistance area of 25, which is a strong resistance for this stock. A “Break out” will confirm the medium-term uptrend of this stock.

??GAS is rising again after hitting the 93-95 mark as we expected.

??MWG is under significant selling pressure from Dimond ETF funds, as well as the company closing down some Bach Hoa Xanh stores. The company believes it has found a winning formula for building this chain of stores, but perhaps the break-even point will still be after the current restructuring.

??The fish group is still trading sideways around the medium-term support area.

??Banks also had a good trading day with the price increases of CTG, VCB… We observe that the business results of the banking group grew better than expected in Q2/2022, the prospect of opening credit room next week, and an average P/B valuation of about 1.5 times at a reasonable level are supporting this group’s upward movement.

??CTR is trading according to a large double-bottom reversal pattern. The price is near the MA(20) resistance zone (which also coincides with MA(50)).

??Market forecast for July 15, 2022: Statistics show that the index will increase. Resistance is at 1,190 points and short-term support is at 1,142 points.

?? See details at: 1,190 POINTS PLAY A ROLE IN DETERMINING THE MEDIUM-TERM UPTREND

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