[MARKET NEWS 13/04/2023] SELLING PRESSURE FROM FOREIGN INVESTORS CAUSES THE MARKET TO TRADE WITHOUT A CLEAR TREND

?? Vietnam Stock Market:

– The upward momentum was curbed by stocks such as PVC, DPM, DCM,…

– GIL’s price increased with an accompanying rise in volume;

– NT2’s price increased during the day with a “Shooting Star” trading pattern;

– IDC has resistance at 40.2 – target price range is 50;

– The downward momentum was led by stocks such as BSI, FTS, ANV, IDI…

– BSI adjusted downwards: therefore, caution is needed at this time;

– IDI adjusted downwards & the probability of a price decrease in today’s session is 52%;

– FTS: chasing FTS at this time requires caution due to the Bearish Bat pattern.

?? US Stock Market:

Tonight, the indices are forecast to rise.

?? Some notes:

– Trend forecast:

The market needs sector rotation as the two leading sectors recently, securities and real estate, are showing initial signs of weakness. Short-term support at 1,047 points is quite important.

– Economic and macroeconomic news:

In its newly released report, the IMF noted that the global economy is in a period of instability, accumulated from shocks over the past 3 years due to Covid-19 and the Russia-Ukraine war. The organization forecasts global economic growth in 2023 to be 2.8% (-0.1 percentage points compared to the January forecast).

?? Recommended stocks: NLG and HAX

?? Index forecast for April 13, 2023: Index statistics indicate choppy trading with the closing price higher than the opening price. Support is at 1,047 and resistance is at 1,100 points.

?? See more: here.

?? Listen more: here.

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?? SmartInvest’s Zalo channel: https://zalo.me/1316677524417758757

?? SmartInvest’s Youtube channel: https://www.youtube.com/channel/UC8DNy-TgnZ1DziIqgPA9sCA

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?? 222 Nguyen Luong Bang Street, Dong Da District, Hanoi

? Hotline: +84 24 3573 9779

?? https://sisi.com.vn

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