April derivative maturity week (Neutral)Next week, the market is expected to continue moving in the direction of struggling with strong differentiation according to business results of each specific enterprise. VN-Index will continue to receive support from the area of 1,225-1,230 points in the first sessions of next week. In the middle of next week, the market is likely to experience strong fluctuations when the futures contract maturity activity in April 2021 takes place.
Adjustment is easy to understand (Neutral)(MB Securities Company – MBS)
In terms of cash flow, the rhythm at the end of the session and the fact that the market can absorb more than T+3 in terms of accounts is a positive side. The market’s adjustment is also understandable after the recent series of increases, the first quarter business results as well as the information from the shareholders’ meeting season will be the motivation for the market to continue in the 5th wave of technical increases.
Still capable of adjusting to 1,200 points (Neutral)
(SSI Securities Company- SSI)
The noteworthy point in this session is that the VNSmallcap group attracted the cash flow, so it is still possible to correct nearly 1,200 points on the VN-Index. However, after surpassing the level of 1,200 points, the next target on the VN-Index will be in the area of 1,350-1,400 points; Therefore, if any, corrections will create opportunities for investors to increase their proportion of stocks at more reasonable price ranges.
(Mirae Asset Securities Company -MAS)
From a technical perspective, the VN-Index has a support area at 1,215 – 1,220, the short-term technical score of the VN-Index is at +4 (OUTPERFORM).
Continuing to struggle (Neutral)
(BIDV Securities Company – BSC)
According to the current assessment, VN-Index might continue to struggle in next week’s sessions.
Verification 1,238 points (Neutral)
(Viet Capital Securities Joint Stock Company – VCSC)
Short-term technical signals remain Positive at all stock indices. However, while VNMidcap and VNSmallcap still established a new historical high, the VN-Index was the first index to signal weakness of the uptrend when it closed below the MA5-day line. It is forecasted that in the next session, the market may rise at the beginning of the day so that the VN-Index can retest the MA5 resistance at 1,238 points.
Priority of holding (Neutral)
(BOS Securities Company – ART)
Technically, the threshold of 1,230 points is supporting the market quite positively although selling pressure tends to increase. The fact that the VN-Index chart appeared a Doji candlestick pattern showed a struggle between buyers and sellers in the market. Most likely, this movement will continue in the next sessions, with a cumulative area of 1,230 -1,250 points before the index confirms the next trend. Investors prioritize holding the current portfolio, maintaining market observation and limiting chasing when the market rallies.
Continue holding (Neutral)
(Yuanta Securities Vietnam JSC)
According to the weekly chart, the mid-term trend remains UP. But the medium-term risks show signs of increasing gradually, so Yuanta recommends medium-term investors to continue holding a high proportion of stocks in the portfolio and limit new disbursements in the coming weeks.Market judgments of securities companies quoted by BizLIVE are only valid as a source of reference information. Securities companies may have conflicts of interest with investors when making judgments. BizLIVE and the author are not responsible for any damages (if any) associated with the posted content.
Source: bizlive.vn – Translated by fintel.vn