The opportunity to create a bottom depends on the money flow

Although only traded for 3 sessions, last week VN-Index dropped 37.54 points, equivalent to 2.74%. “Weak” cash flow market bathed in red. The strong fluctuations from the world’s securities have had a significant impact on investor sentiment.

The ability to “resist” the world fluctuations and information reflected very weak sentiment in the stock market last week. According to some experts, because the market had previously recovered strongly from the bottom, but there was no confirmation of the money flow, mainly from pulling the pillar, it is very easy to adjust to “test” the old bottom. and strong demand might appear only at these support areas.

The strong fluctuations from the world’s securities have had a significant impact on investor sentiment. (Illustration image – Photo: Investment Newspaper)

“During the period when VN-Index is correcting and finding a new balance with low liquidity, investors’ fluctuations are relatively large. The threshold of 1,260 – 1,300 is a relatively good support. Although VN- The index fluctuates like that, but I see VN30 stocks, with those that have made the bottom before, are still trading relatively stable,” said Le Ngoc Nam, Director of Investment Analysis and Consulting, Securities Company. Tan Viet, said.

Some other perspectives are optimistic with the current low liquidity, because that means the supply might be gradually drying up in this area.

“The market is completely flat and then drops again to test supply and demand to enter. But if the market goes sideways at this time, the liquidity is low, it is happy, because that means the market is not falling anymore.” Mr. Nguyen Tuan Anh, Founder of FinPeace, commented.

However, according to some securities companies, the upward momentum of the market this month may be more limited because the opportunity to challenge the historic peak during the peak information season in April has passed. . The market will need a new catalyst to trigger the underpricing factor.

Stocks continue to fall next week?

VTV.vn – The trading week from May 2 to May 6 is the fifth consecutive week of decline in the Vietnamese stock market. The last time that the market had 5 consecutive weeks of decline was from July 2018.

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