[Market News 27/07/2023] SENTIMENT INDICATOR SHOWS INVESTORS ARE HIGHLY EUPHORIC

– Real estate and banking remain the preferred groups in the last two sessions, but differentiation within this group is starting to appear as previously strong-gaining groups show signs of slowing down, and the market is pushing up prices in groups that haven’t increased in the past period, such as BID, DXG, NVL…

– Some large-cap stocks like VCB, PNJ, BID, MSN, POW… or some small-cap stocks still have good trading patterns like FIT, OGC… However, basically, this is a period when investors should be cautious and only look to sell stocks, limiting continuous buying and selling.

– VOS’s sharp price drop also adds another negative warning signal after CTD stock. It seems that the negative trading breadth is starting to widen.

– Index forecast for July 27, 2023: Statistics do not show clear trading signals regarding the trend (Note that in the last few trading sessions, statistics often predicted a decrease, but the index actually increased). Similar trading activity to recent sessions may still occur. The potential target price range according to the quantitative model is 1,222 points.

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SOURCE: AAS RESEARCH