News

Release Time: 10:00 AM, May 23, 2025
Published by: Mr. Tony

MARKET OVERVIEW

1. Stock Market:

Vietnam Market:
The market continues to face pressure around the 1,330-point level and is showing signs of correction due to increased profit-taking. If the VN-Index breaks below the 1,320-point level, it may retest the support zone at 1,300 points, which is expected to provide a recovery opportunity.
Current Strategy: Investors should closely monitor supply and demand, prioritize short-term profit-taking on stocks with strong gains, and avoid chasing prices. Short-term opportunities still exist in stocks that are correcting toward strong support zones.

U.S. Market:
The S&P 500 edged down 2.60 points (0.04%) to 5,842.01 points, while the Dow Jones was nearly unchanged, down 1.35 points to 41,859.09 points. In contrast, the Nasdaq rose 53.09 points (0.3%) to 18,925.73 points.

2. Forex:

• GBP/USD: Uptrend. Buying positions can be considered today. Daily support: 1.34194

• USD/JPY: Downtrend. Selling positions can be considered today. Daily resistance: 144.000

3. Gold:

Spot Gold Price:
Trading at around $3,286/ounce, slightly down from the previous session.
Reason: The global gold price edged lower due to profit-taking after reaching recent highs.

4. Oil:

• XTI/USD: Downtrend. Selling positions can be considered today. Daily resistance: 60.85

5. Crypto:

BTC/USD Price:
Currently trading around $111,481, up 1.17% over the past 24 hours.
Market Sentiment: Bitcoin continues its upward momentum, reaching a new all-time high, driven by the recovery in the crypto market and investor optimism.

TRADE RECOMMENDATIONS

1. Gold:

• Trend: Bullish

• Recommendation: Buy at 3,233

• Stop-loss: 3,201

• Take-profit: 3,333

• 

2. Vietnam Stocks:

• Stock: PNJ

• Recommendation: BUY PNJ (23/05/2025)

• Entry Price: 75,000 - 77,000 VND

• Target 1: 82,000 VND

• Target 2: 86,500 VND

• Stop-loss: 72,800 VND

• 

IMPORTANT EVENTS TODAY

1:30 AM
CAD
Speech by Bank of Canada Governor Macklem

1:00 PM
GBP
Monthly Retail Sales
Actual: 0.3% | Forecast: 0.4%

7:30 PM
CAD
Core Retail Sales m/m
Actual: -0.1% | Forecast: 0.5%

CAD
Retail Sales m/m
Actual: 0.6% | Forecast: -0.4%

DISCLAIMER

• The above analysis represents the personal opinion of analyst Tony from Lotus and should not be considered as a basis for actual trading decisions.

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

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

• Lotus does not manage funds on behalf of students.