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CTCK | Positive | Neutral | Negative |
BVSC | X | ||
SHS | X | ||
VDSC | X | ||
MBS | X | ||
YSVN | X | ||
BSC | X |
Recovery again
(Bao Viet Securities Company – BVSC)
The market faces pressure to shake and correct sharply when groups of stocks have fallen into a large-scale overbought state. However, the correction pressure of the VN-Index may not last long and the index is expected to recover in the next session. Overall, after breaking above the 1028-1035 resistance area, the VN-Index is likely to continue moving towards the 1100-1110 resistance area in the near term. In addition, the weekend sessions will see the December futures expiration and the restructuring of the ETF portfolio. This can cause the group of large-cap stocks in the VN30 basket and the ETF portfolio to fluctuate strongly. Cash flow is likely to continue to rotate through stock lines to seek profit. Small and mid-cap stocks are likely to experience prosperity in the coming sessions.
Continue decreasing points
(Saigon-Hanoi Securities Company – SHS)
The VN-Index may continue to decline with the closest support around 1,045 points (June 2018 peak). Investors with a high proportion of shares can continue to take advantage of the gains during the session to reduce the proportion of shares. Investors with a high cash ratio should limit their search for purchases and can adjust corrections around the 1,045 point threshold (if applicable) to spend for exploration.
The main trend is not yet lost
(Rong Viet Securities Company – VDSC)
Pausing at new heights and profit-taking hit big-cap stocks, while small-cap groups sublimate, showing that cash flow is skillfully circulating, promoting profit-seeking opportunities. Although there is a bad day, the stock market has not lost its main trend, so investors do not need to let go of the market in this situation.
It’s hard to see when the market peaks
(MB Securities Company – MBS)
A correction session was not out of the expectations of many people, the market reached a short-term resistance threshold of the peak at 1,064-1,080 points, so it is normal to pull back. If the market rises again in the next few sessions, today will be the 4th time in just over a month that the market will repeat this volatility. Due to that repetition, it is also very difficult to see when the market actually peaks. However, what needs to be done now is to prioritize risk management, bring the proportion of the portfolio to a level of balance or low.
Keep the momentum
(Yuanta Securities Vietnam – YSVN)
YSVN believes that the market may maintain its rally in the next session and the VN-Index could retest short-term resistance at 1,084 points. At the same time, the market is still in a phase of strong volatility and short-term risks are still low, which is why we maintain our assessment that this is only a short-term correction from a last-formed uptrend. Furthermore, the sentiment indicator still remained in the bullish zone.
Still above the 1050 threshold
(Sociedad de Valores BIDV – BSC)
This correction is not enough to change the trend and the potential NAV index will continue to be above 1,050 in the coming sessions.
Investors should only consider comments from securities companies as a source of reference information. All securities companies recommend the disclaimer for the above comments.