Stocks next week up or down?

MB Securities Joint Stock Company (MBS) said that currently, some groups of stocks also have “hard” support levels such as banks or steel… Therefore, the market will maintain its upward momentum next week. with the focus on blue-chips (shares issued by leading large-cap and reputable companies in the market) in industries such as banking, securities, real estate, public investment … However, MBS believes that the 1,470 point area is considered a strong resistance level and at this area the market may experience “shakes”.

Sharing the same opinion, SSI Securities Joint Stock Company (SSI) believes that the resistance area of ​​1,470 points will continue to be a challenge for the VN-Index in the coming sessions. In case external risks increase, there is still the possibility that the VN-Index will penetrate back to the support zone of 1,445 – 1,450 points. At that time, VN-Index will create a short-term bottom around the next strong support zone at 1,400 – 1,425 points.

Last week, VN-Index increased 2.56 points and closed the week at 1,469.10 points

Meanwhile, Saigon – Hanoi Securities Joint Stock Company (SHS) said that the market dropped sharply in the first trading session of the week on March 14 due to concerns about rising inflation and the VN index. -Index has retested the support zone in the range of 1,425-1,450 points. The VN-Index also tested this area again in the morning session of March 15, then bounced back up and ended the week with 4 consecutive slight recoveries. However, VN-Index still could not regain the threshold of 1,470 points in the last session of the week due to selling pressure from ETFs (exchange-traded funds).

The drop in liquidity in the past week also shows that investors are still quite cautious at the moment, so they have not returned to disburse more strongly.

SHS believes that these things will probably improve in the next trading week when the tension between Russia and Ukraine is likely to continue to cool down, as well as the Government’s efforts in promoting early disbursement of the package. government’s Invest. Along with that, the business results of the first quarter of 2022 of businesses can gradually be revealed with positive colors.

SHS forecasts that, in the next trading week from March 21 to March 25, VN-Index will likely continue to recover with the target at the resistance level of 1,470 points and further away at the 1,480-1,485 points area. “Investors who bought into the support zone of 1,425-1,450 points in the first two sessions of the week can continue to hold the current portfolio,” recommended SHS.

Last week, VN-Index was under pressure to drop more than 20 points at the beginning of the week, but then the index balanced at the range of 1,435 – 1,440 points and started to recover.

After 4 consecutive gaining sessions, VN-Index recovered nearly 23 points, for the whole week the index gained 2.56 points and closed the week at 1,469.10 points. HNX-Index increased by 9.01 points to 451.21 points. UPCOM-Index increased 0.67 points to 116.04 points. Foreign investors last week net sold 29 million shares, equivalent to 1,473 billion dong.

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