Securities company has the same unexpected forecast for the trading day after the holiday
In the series of trading days before the holiday 30/4-1/5, the market has an urban line showing a downtrend. Arrive trading day 4/29, the market increased 16 points when the amount of green codes dominated the trend of red codes. However, there were still many stocks that fell to the floor price. Closing the market before the holiday, VN-Index was recorded at 1,366 points.
“From a technical point of view, VN-Index there was a rally again. The trading volume increased compared to the previous session but was still below 10 and 20 session average, meaning that the cash flow is in a cautious state.
Not only that, the main trend is still down, when the index closed below MA20, along with MA 20, 50, and 100 beams pointing down negatively, showing that the gaining session might just be in a technical retracement (Bull) -trap)”, the bulletin of Phu Hung Securities released on May 3 said.
The market on May 4 traded up
Forecasting for the first trading day after the holiday, securities companies are all positive. Today and this week’s sessions will support a test of an important threshold of the stock market.
From the above analysis, Phu Long Securities believes that the index kept closing above MA5, along with the RSI going up to get out of the oversold zone and the MACD regaining its gaining momentum, showing that the technical retracement is continuing. Therefore, the index might move to challenge the psychological level of 1,400 points in the bull-trap span.
Securities Company This suggests that the market is continuing its technical retracement. Therefore, investors may consider implementing a plan to surf with a small proportion on the available positions to lower the cost, and wait for the bull-trap to end to bring the weight to a safe level. , Phu Hung Securities advised.
Liquidity in recent sessions was low but cash flow spread more positively. Stock groups that helped the market increase were spread out more widely such as banks, securities, real estate, oil and gas… According to MB Securities (MBS), this is “the main driving force that helps the market maintain the market”. upward momentum”.
MBS forecasts that the market will continue to maintain its upward momentum and the cash flow will be differentiated in the coming sessions, the gaining momentum will slow down and the liquidity will be improved, the market has many opportunities to retest the old peak.
Saigon – Hanoi Stock Exchange (SHS) released a technical bulletin for today’s session filled with positivity. From a technical analysis point of view, SHS believes that the market is supporting a recovery with VN-Index still ending the week above 1,350 points, so there is still a chance that the index might continue to move up to the target. theoretical target in the range of 1,530-1,550 points.
However, they also recognize the current risk coming from investor psychology with the famous saying “sell in May and go away” in the market. In April, Vn-Index fell by 8.4%, SHS said that the possibility of further decrease in May is unlikely.
“Therefore, in the next trading week from May 4 to May 6, Vn-Index may recover to gradually narrow the gap with the index’s next target being the psychological threshold of 1,400 points.” this report said.
Rong Viet Securities Company (VDS) believes that the market has recovered with the improvement in the level of gain as well as the cash flow. The liquidity on all 3 exchanges increased quite well compared to the previous 2 sessions, showing that investors’ confidence in the general market’s uptrend is increasing.
VDS forecasts that VN-Index will continue to move towards and test the resistance zone of 1,390 +/- 10 points in the near future. Investors can continue to expect the recovery span to be expanded after the holiday.
In addition, this is also an opportunity to restructure the portfolio in the direction of reducing risk. Investors should limit buying and chasing stocks and actively restructure in strong uptrends of the market.
at Blogtuan.info – Source: Soha.vn – Read the original article here
