Vnindex will check the 500 point milestone

VN-Index will check the 500 point milestone

10:18:42 | 13/07/2010

Open session on Monday , investors still " cautious in trading , " and apparently they are waiting for information can change the face of the marketplace.
Investors are waiting for official information about the investment fund Vietnam Enterprise Investments Limited ( VEIL ) is divestments or not will be making decisions in public Meeting today ( 12.07 .) Status transaction carefully, VN-Index only around the reference price with a narrow margin . with an increase of 3 points in 3 consecutive VN-Index could not rise from the 500 point milestone ahead.

Signals from technical indicators are still low in the region varies and tends to walk rather than increase or decrease in current . On the technical charts , can be found nearly two months VN-Index ranges can work slowly through the narrow bar amplitude candles . The sequence includes Bollinger Band sank under the " bottleneck " , while the MFI RSI dropped below the regional average . Trading volume has not been improved , the market continues to trade with low volume . The city is quite indifferent in the present time , seems to stand outside the plan they choose to follow the evolution of the market , awaiting the appropriate time for disbursement once the market is supported.

Conclusion:

The situation changes in the recent market sessions are still many limitations have not been improved. Investors to continue trading in moderation and significant reduction of liquidity , signaling techniques not escape status " sideway " . Most likely the trading session today 13/07/2010 , VN-Index will mark 500 check points .

Comments HNX - ENGINEERING INDEX

Index Index HNX Bank of Vietnam , also slightly increased string three consecutive sessions after the index reached almost at the level of support of the 23.6% Fibonacci indicator corresponding to 154 points . Investors on the floor of this transaction is not much better HOSE , with hedge mentality afraid to buy into the present time , as liquidity decline significantly when full transaction value has not reached match trillion co . Meanwhile, signals from the graph is still the technical status " sideway " leading up to the RSI indicator with the MFI can not rise from the average. The two lines intersect is the mobile average for new signals over the same time how Bollinger Band range is completed model
the " bottleneck . " The market lacks momentum for HNX -index can break the current trend .

Conclusion:

Session today 13/07/2010 , chances HNX -Index will continue to walk around the area now .

Attachments : market analysis newsletter on 13/07/2010

Source: vinacorp.vn