Investment Strategy Report - AprilÂÂÂÂÂÂ 2018: Chances in the AGM season
Since beginning of 2018, the VNIndex has been continuously moving higher while other global equity markets faced corrections by the end of February and in March. Strong economic data, strong capital inflows, good growth prospect are main factors contributing to the stock market performance in Q1/2018.
Investors can expect another positive month for the market. There are three reasons we believe in this scenario. They are: (1) stable economy, (2) earnings seasons and AGMs and (3) covered warrants on equity debut. The VNIndex will accumulate more around 1,170 to 1,200 pts before making a break out to head for next resistance 1,250 – 1,265 pts.
Besides, we have to warn investors of a less positive scenario. The VNIndex could correct from 5% to 7%. There are some headwinds such as (1) trade war between US and China, (2) reaction to FED lifting up the rate and (3) margin lending adjustment from brokerage firms.
We bet for the first scenario. So we recommend to strategies for investors in this report. Investors can choose to follow the inflows of “big players” or try to invest in stocks that have bright prospects in 2018 etc. However, we also recommend investors to stay focus on risk management, especially using leverage. Last but not least, investors do not to risk “catching bottoms” of stocks that are in negative trend due to some specific reasons as there are a lot of chances to make profit out there on the market.
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