Market commentary on April 9: Cash flow remains in the market

Market commentary on April 9: Cash flow remains in the market Securities company Positive Neutral Negative AseanSC X BSC X BVSC  X MBS  X VDSC  X

Shake can take place at high price zones

(Asean Securities Company – AseanSC)

The phenomenon of order congestion made VN-Index unable to continue its recovery in the afternoon session. It is forecasted that in the session of April 9, the VN-Index could rise in the morning session to re-test the lost support area in the 8/4 session at 1235-1240 points, including the 3-day MA and the 5-day MA. The shake can happen at high price range, causing VN-Index to narrow the gaining trend towards the end of the day. In a negative scenario, the VN-Index reverses to the support area of 1220-1230 points, including the MA10 day.

Domestic cash flow has not weakened

(BIDV Securities Company – BSC)

After eight consecutive gaining sessions, the VN-Index corrected. Investment cash flow exits the market when only 8 out of 19 sectors have risen. Liquidity fell slightly together with negative market breadth reflecting short-term profit-taking pressure on the market. Foreigners were net sellers on the HoSE while net buyers on the HNX. Although the VN-Index corrected slightly, the market could quickly rise again when the domestic cash flow has not weakened and the net selling value of foreign investors is still low.

BSC recommends investors to open positions or increase the proportion of some good fundamental stocks in this short-term correction.

Short-term uptrend remains

(Bao Viet Securities Company – BVSC)

Vn-Index will receive support from 1225-1230 points in the last session of the week. Market movements continued to struggle with the strong differentiation according to the business results of each specific enterprise. In general, the index is still maintaining short-term gaining trend with the target price area close to 1250-1265 points. Domestic cash flow is still the main driving force supporting market movements in this period. Large-cap stocks, especially leading stocks, will alternately increase to support the market.

Investors are recommended to maintain the share holding rate in the portfolio at 65-80% of shares. Investors holding a high proportion of stocks can buy and sell to reduce the proportion of the portfolio when the market approaches the resistance zone of 1250-1265 points.

Accumulation

(MB Securities Company – MBS)

The correction of the April 8 session is completely normal in the recent gaining process, especially the VN30 group, which has a series of 9 consecutive gains. Usually, after the break out of the accumulation zone, the breaks to adjust to loose loose goods or re-accumulate to get more energy so the market can increase more sustainably. Therefore, this correction is technical because the uptrend is still the main trend of the market.

Technically, the VN-Index is able to maintain cumulative fluctuation, the cash flow shifted to small and medium stocks, in a more cautious scenario, the market might retest the support at the level. 1200-1230 points.

Take advantage of the tune to surf

(Rong Viet Securities Company – VDSC)

After a series of rising days, this is the first correction session of the market. Although the market declined, stocks were strongly differentiated, showing that the cash flow is still in the market and is always looking for good investment opportunities.

Therefore, investors can take advantage of the correction to surf stocks in the portfolio or wait for good stocks to correct appropriately to increase their proportion.

Investors should only consider comments of securities companies as a source of reference information. Securities companies all have recommendations to exempt the responsibility for the above comments.

Source: ndh.vn – Translated by fintel.vn

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