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MIchaelTran
Feb 20, 2023 10:00 AM

VN30  Long

VN30 IndexHOSE

Description

Trading Diary 20/02/2023

TA: Neutral, far below MA 100 in weekly however it a good signal above MA 100 in short term daily view.
Possibly early state of accumulate phase in WYCKOFF theory. it is my favourite theory.

FA: It will be possibly a slow grow in the near future, if any bad event such FED rate hike, stronger dollar then it will be enough for price to move lower.
There re many great opportunities when Apple, Foxcom, Samsung, .. moving and expanding in Vietnam.

it is a near perfect time to filter and pick a few premium companies with good basic P/E , P/B and ROE in Banking, basic material (fertiliser), farming and retail supermarket for long term passive investors.
However high interest rate with deposit guarantee at average 9.5% in Viet Nam is more attractive for 1-3 years term ( compound interest) for most defensive investors. This rare interest rate offer wont last long.



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