Difficult at resistance from 895-905 points (Neutral)
Although the VN-Index rallies again today, the downside risk of the VN-Index still exists in short term. It is expected that the index will still see difficulty when retesting resistant level of 895-905 points in the next few sessions. In general, BVSC still maintains a positive assessment on the market trend in the near future. Therefore, the market corrections are considered necessary to reduce heat for stock groups and to accumulate more impetus for the index.
Hope to return (Neutral)
(MB Securities Company – MBS)
Psychologically, today’s rally will bring hope for the market to enter into a continuing uptrend. However, investors should also note when the market may need to retest around this short-term level and corrections can occur to create a breakthrough for the continuing uptrend.
Need a good rally (Up)
(Securities Company SSI- SSI)
With volume declining, today’s rally still hasn’t had enough power to help the market get back on track. The market needs to have a good rally with increasing volume, then the VN-Index will be more likely to return to the uptrend from the support level of 880 points with the target of the resistance zone at 920 points in the short term. On the contrary, if there is no consolidation from volume, the VN-Index might temporarily fluctuate in the zone of 880-900 points.
Neutral state (Neutral)
(Mirae Asset Securities Company (MAS))
With a fluctuating trade around 890 points and recovered after the previous strong drop. VN-Index needs more time to accumulate before returning to test the 900-point zone. Mirae Asset’s short-term technical rating is being recorded at NEUTRAL.
Cumulative movement (Neutral)
(BIDV Securities Company – BSC)
The market continues to accumulate movement at 880-890 points in the short term. Investors should limit trading in this period until the trend of VN-Index shows positive signs again.
Increase in morning session (Up)
(Viet Capital Securities Joint Stock Company – VCSC)
The short-term technical signal of VNSmallcap is back to Positive state, similar to the signals of VNMidcap, VN-Index and VN30. Meanwhile, HNX-Index temporarily lost short-term positive signal although the break-out signal is not clear. It is forecasted that in tomorrow’s session, efforts to successfully defend the MA10 support of the VN30 index can boost the rally in large-cap group, at least in the morning session. Accordingly, the VN-Index may rise to test the MA5 resistance at 895-900 points to VN30.
Balance between cash and stocks (Neutral)
(Vietnam Construction Securities Joint Stock Company -VNCSI)
With the current developments, VNCSI recommends investors to continue to prioritize keeping the account safe by balancing the proportion of cash and stocks in the portfolio. The new buying point of shares will be updated by VNCSI in the following news.
Will fluctuate sharply from 880-900 points (Neutral)
(BOS Securities Company – ART)
It is likely that VN-Index will have strong fluctuations in the zone of 880 to 900 points before determining a new trend. Investors prioritize observing the market in this area and enhancing portfolio risk management at the present time.
Adjustment pressure remains (Neutral)
(Yuanta Securities Vietnam JSC)
The VN-Index will continue struggling in the 880-890 range in the next session. At the same time, the market showed signs of entering the state of accumulation, showing that the cash flow might weaken in the short term and differentiate between stock groups. Recovery with low volume shows that correcting pressure is still high. Besides, the short-term sentiment continues to decline, showing that investors are still cautious with the current trend.
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Source: bizlive.vn – Translated by fintel.vn
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