20190523_BSC_Vietnam Daily Review_EN_Cautious sentiment_TA_AAA_Double bottom model

Highlights
• VN-Index dropped in the morning. In the afternoon session, the decline was narrowed.
• Stocks contributed to VN-Index upward momentum including PLX (+0.47 points); VCB (+0.44 points); BID (+0.2 points); NVL (+0.14 points); BID (+0.12 points).
• Stocks made the market decline GAS (-0.8 points); SAB (-0.5 points); VIC (-0.48 points); VRE (-0.38 points); ROS (-0.27 points).
• Cash flow focused on chemical and petroleum stocks.
• The matching value of VN-Index today reached VND 2,484.9 billion. Today's trading range is 7.4 points. The market has 129 gainers and 153 losers.
• At the end of today's trading session, VN-Index dropped 1.07 points to close at 982.71 points. At the same time, HNX-Index increased 0.17 points to 106.3 points.
• Foreign investors today sold a net of VND 107.08 billion on HOSE, focusing on PVD (VND 34.6 billion), VNM  (VND 23.4 billion) and VPI (VND 23.2 billion). In addition, they sold a net of VND 59.8 billion on HNX.

Market outlook
In the morning, the VN-Index dropped 3.65 points or 0.37% compared to yesterday session. The stocks which supported the market the most, were GAS, PLX, BID. In the afternoon, the decline was narrowed because some large-cap stocks gained like VCB, NVL, PLX, BID. In BSC's view, the market had the third corrected session due to the pressure of profit taking and net selling of foreign investors on all three floors. The cautious sentiment towards the developments of the China-US trade war is still leading the trading activities on the market.

Technical analysis
AAA_Double bottom model
(Please go to page 2 for buy/sell status of stocks and page 4 for Blue chip stocks information)