20180522_BSC_Vietnam Daily Review_VN_Losing the psychological resistance_TA_VN-Index_C Wave Correction

Highlights
• The market movement was the same as yesterday when the selling force increased sharply in the afternoon session.
• The leaders were VHM (+6.78 points); BMP (+0.04 points); TAC (+0.02 points); TIX (+0.02 points); TLG (+0.02 points)
• The laggards were VIC (-6.94 points); VCB (-2.72 points); BID (-2.47 points); CTG (-2.08 points); VNM (-1.91 points)
• Although liquidity increased compared to yesterday, it did not break out while the downward trend is still dominating the market.
• The trading value of VN-Index in today session reached 4,234.9 billion. The trading range was Biên độ 39.24 points. The market recorded 58 gainers and 257 decliners.
• By the ending of the session, VN-Index decreased 29.07 points, closing at 985.91 points. Moreover, HNX-Index decreased 2.94 points to 116.72 points.
• Foreign investors today net sold 611.98 billion on HOSE, focusing on VIC (300.7 billion), HPG (96.4 billion) và VJC (50.9 billion). They also net sold 26.43 billion on HNX.

Market outlook 
The market continued to witness a deep slump due to the decline of stocks, especially in large cap stocks and banking sector (BID, VCB) as well as real estate (VIC). Liquidity recovered but most of them were actively sold while the demand at the bottom was still weak. In this trading day, VHM matched the ceiling price which helped to lift the market index. BSC recommends that investors limit their participation in the market at present when the risks are still high. The market may have recovery sessions but only technical recovery due to the downward trend is still quite strong.

Technical analysis:
VN-Index_C Wave Correction
(Please go to page 2 for buy/sell status of stocks and page 4 for Blue chip stocks information)