Where will the stock market today go after arresting Trinh Van Quyet?

Mar 30, 2022 07:46 GMT+7

Where will the stock market today go after arresting Trinh Van Quyet?

VN-Index had a positive recovery session on March 29 when closing at 1,497.76 points, up 14.58 points (0.98%). FLC “family” stocks continued to be strongly sold yesterday when AMD dropped 6.9%, HAI dropped 7%, ROS fell 7%, FLC dropped 7%, KLF dropped 7.8% and ART dropped 5, 8%.

Real estate and construction codes recovered well after a strong drop on March 28 with HQC (+6.9%), DIG (+7%), VPH (+7%), QCG (+ 7%), CIG (+6.7%), MCG (+6.6%), CTD (+6.9%), C47 (+6.9%),…

According to SSI Securities Company, with the recovery from the strong support area, the VN-Index is showing the possibility of going up to the next resistance zone at 1,515 – 1,520 points. However, in order to return to the uptrend, VN-Index needs to overcome the above resistance area with increasing trading volume above the 50-day moving average.

Meanwhile, Bao Viet Securities Company (BVSC) also has a positive assessment of the market in the current period. Therefore, investors holding a high proportion of cash will continue to disburse to increase the proportion of stocks when the market corrects. Focus on buying stocks that have not yet gained in the industries with the stories we mentioned to catch the uptrend that rotates between industries.

BVSC also recommends that investors holding a high proportion of stocks maintain their holding position and use the “trailing stoploss” order for existing positions to ensure the safety of the portfolio. It is possible to perform trading operations when the market touches the border points of the sideways price channel.

Commenting on today’s session, Saigon – Hanoi Securities Company (SHS) is not very optimistic as the matching liquidity yesterday decreased compared to the previous session and was lower than the average level of the recent 20 sessions. This shows that investors are still cautious at the current stage.

Ahead of the market will be the psychological resistance level of 1,500 points that needs to be overcome before thinking about higher resistance levels like 1,520 points. SHS believes that, in the next trading session on March 30, the market may continue the rally to move towards the psychological resistance of 1,500 points. Investors who participated in buying earlier in the support zone of 1,425-1,450 points can continue to hold. If the market strongly increases to reach the resistance area of ​​1,530-1,550 points in the near future, it will be an appropriate time to realize profits.

Sharing the same view, Rong Viet Securities Company believes that with the scenario of stronger cash flow in the coming sessions, the possibility that the VN-Index’s recovery will continue and will gradually weaken near the resistance zone. resistance 1,510 +/- 10 points. Therefore, investors can expect a recovery of the market in the near future. However, we should also take advantage of the recovery opportunity to structure the portfolio appropriately, prioritizing to reduce the proportion of stocks with high risk nature.

According to VietCapital Securities Company, it is forecasted that today the market may maintain the increasing inertia in the morning so that the indexes can test the upper resistance area, for VN-Index it is 1,510 points. with VNSmallcap being the historical peak around 2300 points. However, after that, the selling force will gradually get stronger from the high price area to create a struggle of the indexes.

Accordingly, VN-Index may shake in a few sessions to retest the certainty of the MA5-day support at 1495 points just passed. If it can sustain above this support, VN-Index will have a chance to increase to test the range of 1,515-1,535 points; conversely, if it soon drops and closes below 1495 points, VN-Index will need to test the support at 1,483 points again.

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