Author: Vinaya Kumar

European Focus

Posted on by Vinaya Kumar

On Thursday, the Stoxx 600 ended 3% above last Friday’s close and remains in an Uptrend Under Pressure with four distribution days. Germany’s DAX was upgraded to a Confirmed Uptrend as it managed to stage a follow-through day and retook its key moving averages. Along with Germany, Finland, Ireland, and Luxembourg were upgraded to a Confirmed Uptrend after recording a followthrough day each. Spain and Sweden were upgraded to a Rally Attempt after being downgraded to a Downtrend last Friday. Five out of 17 indices continue to be in a Confirmed Uptrend, three in a Rally Attempt, and the remaining nine in an Uptrend Under Pressure.

Global Focus Emerging

Posted on by Vinaya Kumar

The CSI 300 advanced 3.14%, with volume rising to greater than average, a high since mid-September. The market was shifted to Confirmed Uptrend after the index broke above key resistance at ~5,000 and retook its 200-DMA on good volume. The distribution day count fell to three from six. Next resistance is around early July highs (~5,200, +2.9%) and support is at the 100-DMA (~4,911, -2.8%).

Global Focus Frontier

Posted on by Vinaya Kumar

Ho Chi Minh City Development Joint Stock Commercial Bank (HD Bank) is one of the top banks in Vietnam and a constituent of the VN30 Index. Its industry-leading growth and key financial ratios, along with its exposure to the consumer finance industry, will drive growth.