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MARKET OVERVIEW

1. Stock Market:

• Vietnam Market:
  The market continues its upward trend but is facing resistance around the 1,500-point level. Increased liquidity indicates ongoing profit-taking activities, though not putting major pressure on the market yet. The 1,500 level remains a strong resistance, potentially leading to short-term corrections. However, capital inflows remain positive, supporting a possible recovery and another attempt to break through the 1,500 zone in the near future.

• US Market:
  After a strong rally, US markets showed restraint. The S&P 500 slightly dipped to 6,296.79 (-0.01%), the Dow Jones fell 142.30 points (-0.32%) to 44,342.19, while the Nasdaq gently hit a new high at 20,895.66 (+0.05%). Despite a calm final session of the week, all three indices ended solidly—S&P up +0.6%, Nasdaq +1.5%, Dow flat—marking three winning weeks out of the last four.

2. Forex:

• USD/JPY: Medium-term uptrend. Long positions can be considered today. Daily support: 148.000

• GBP/USD: Medium-term downtrend. Short positions can be considered today. Daily resistance: 1.34600

3. Gold:

Gold remains stable around $3,350/oz, with minor intraday fluctuations (±0.3%), mainly influenced by the USD trend and bond yields.

4. Oil:

• XTI/USD: Downtrend. Short positions can be considered today. Daily resistance: 68.00

5. Crypto:

BTC shows slight correction but still holds above the 117–118k USD zone, reflecting short-term positive sentiment and potential for further upside if current resistance is broken.

TRADING PLAN & OUTLOOK

1. Vietnam Stock: VCB

Recommendation: WAIT TO BUY VCB (July 21, 2025)

• Entry price: 60,000 – 61,000 VND

• Target 1: 65,000 VND

• Target 2: 70,000 VND

• Stop loss: 58,300 VND

2. XTI/USD

• Trend: Short-term downtrend

• Sell at: 67.70

• Stop loss: 68.70

• Take profit: 65.70

3. XAU/USD

• Trend: Uptrend

• Recommendation: Buy at 3,343

• Stop loss: 3,330

• Take profit: 3,377

KEY EVENTS TODAY

• All day – JPY – Bank Holiday

• 08:00 – CNY – 1-year Loan Prime Rate

• 08:00 – CNY – 5-year Loan Prime Rate

DISCLAIMER

• The above opinions solely reflect the personal views of analyst Jenny from Lotus and do not constitute trading advice or recommendations for real investments.

• Lotus only provides technical analysis and trading education for its students.

• Lotus is not affiliated with any securities firm or asset management company.

• Lotus does not manage funds on behalf of students.