The seller temporarily dominates(Asean Securities Company – AseanSC) In the daily chart, the VN-Index showed a red candle, with the closing price below the 3-day short-term moving average (MA3) and 5-day (MA5), which is a quite negative signal. This shows that the sellers are temporarily dominating. Therefore, AseanSC believes that, in a negative scenario, the VN-Index tests the support area near 1220-1230 points, the next support area is forecasted at 1200-1210 points. In a positive scenario, the near resistance area of the VN-Index is forecast at 1240 – 1250 points, the next resistance zone is forecast at 1260-1270 points.
Recovered again when approaching the support zone 1225-1232 points(Bao Viet Securities Company – BVSC)
VN-Index decreases with the market width tilted towards the discount codes. Trading volume decreased slightly but remained above the average of 20 sessions. Selling pressure showed signs of increasing as the market approached the resistance zone around 1250 points. Supply and demand correlation will balance again in the next session when the index reverses to the support zone of 1125-1132 points. The resistance zone of 1250-1265 points is being considered as a close bumper zone that can create adjustment pressure for the index when approaching. In addition, when passing a strong resistance zone, the price line tends to “throwback” to re-examine the points thresholds that have just been crossed, before signaling a more reliable signal of a new trend in the short term. The index’s current support zone remains at 1225-1132 points.
The market is likely to have a rebound when it approaches the support area of 1225-1232 points in the last session of the week. The index’s short-term trend is still there with expectation to challenge resistant level of 1250-1265 points.
Appears to adjust rhythm
(KB Securities Vietnam Company – KBSV)
VN-Index dropped at the beginning and struggled after that. The index is being affected by the resistance zone around 1250 and might see a correction. However, with good momentum, KBSV believes that the risk of deep correction is not highly appreciated. The zone around 1210 continues to act as near remarkable support level for the index.
Investors are recommended to continue holding medium-term positions and can combine partial trading in the direction of buying first and selling later if there are corrective sessions.
(Saigon-Hanoi Securities Company – SHS)
The market corrected again in the 8/4 session after a series of 8 consecutive gaining sessions. The matched liquidity in the 8/4 session decreased slightly compared to the previous session and was approximately the 20-day average, showing that the selling pressure appeared but not really strong. The amplitude of the fluctuation in the 8/4 session is still within the range of the previous candle cluster in the range of 1230-1245 points.
From a technical perspective, the market is entering the final phase of wave 5 with the expected target at 1250 + – point and expected completion time in the first half of April 2021. Only about 1 week to the end of the up wave 5, this is an important time to observe whether the market can surpass the threshold of 1250 + – points to extend the up wave 5 or correct here with wave a.
In the last session of the week, the market might increase again to narrow the gap with the target of the rising wave 5 around 1250 points. Mid-term investors observe the market and can take profit gradually when the market reaches 1250 + – points. Short-term investors who bought on March 24, March 25, and March 26 also observed the market and took profit at 1250 + – points.
(Rong Viet Securities Company – VDSC)
VN-Index is still blocked in the 1240-1250 point zone and back down. The MACD technical indicator is going up but the RSI is declining again. Although cash flow supported quite stable in 3 disputed sessions, VN-Index expanded the rhythm of the increase unsuccessfully and showed signs of shortness of breath. With the current signal, it is likely that the index will adjust in the next trading session, this correction rhythm if there is only a short-term nature to balance the market after a fast rise and the general trend is still positive.
HNX-Index continued to recover slightly. Technical indicators MACD still hesitated on its signal line, RSI is also probing. Despite a slight increase, the HNX-Index is showing a cautious move. With the influence from the recent dropping session, it’s likely that the index will temporarily correct short-term to rebalance after the rapid gain.
Gradually increase the proportion of stocks
(Yuata Vietnam Securities – YSVN)
The market may return to its uptrend in the next session and the VN-Index still has the ability to challenge the resistance zone of 1283 – 1300 points in the next sessions. At the same time, the market is still in a period of strong volatility in a positive direction, so YSVN believes that the market correction will soon end. In addition, YSVN assesses the medium-term risk is still low and the sentiment indicator is in an optimistic zone.
The short-term trend of the general market remains bullish. Therefore, YSVN recommends short-term investors to continue holding a high proportion of stocks in the portfolio and take advantage of the adjustment to increase the proportion of stocks or buy new ones.
Investors should only consider comments of securities companies as a source of reference information. Securities companies all recommend disclaimer for the above comments.
Source: ndh.vn – Translated by fintel.vn