The marketplace remains to be keeping up many just right temporary alternatives
After a just right restoration consultation within the temporary oversold space. VN-Index within the November 21 consultation had gradual actions within the morning consultation with very low liquidity. Call for then stepped forward higher within the afternoon consultation when provide force used to be low and insist higher neatly in lots of code teams. On the finish of the buying and selling consultation on November 21, VN-Index higher 11.79 issues (+0.97%) to at least one,228.33 issues. Whilst VN30 higher 1.17% to at least one,286.67 issues, looking to surpass the 200-session moderate value line round 1,290 issues.
Quantity on HOSE diminished -34.18% in comparison to the former consultation, appearing that the extent of restoration is asymmetric. Marketplace breadth recovered neatly with 221 shares expanding in value, 72 shares lowering and 68 shares keeping up reference value. International traders lowered the dimensions of web promoting on HOSE in lately’s consultation to a price of -852.7 billion VND.
On the finish of the buying and selling consultation on November 21, VN-Index higher 11.79 issues (+0.97%) to at least one,228.33 issues.
In keeping with professionals from Saigon – Hanoi Securities Corporate (SHS), the temporary development, VN-Index is within the restoration section after a pointy decline with the expectancy of retesting the resistances round 1230 issues. , 200-week moderate value line and resistance at 1,250 issues, nearest enhance round 1,215 issues. Whilst the VN30 must surpass the 200-session moderate value line akin to the resistance round 1,290 issues after declining, buying and selling under this value line since January 2024.
Within the quick time period, VN-Index is predicted to create a backside in the fee vary of one,200 issues – 1,210 issues, akin to the absolute best value space in 2018, in addition to the rage line connecting the bottom value spaces in April 2024 and August 2024. previously. Alternatively, this wishes affirmation when huge capitalization shares, VN30, finish their temporary decline, surpassing the fee vary of one,290 issues -1,300 issues.
“These days, the full marketplace capitalization of about 63%/GDP 2024 remains to be regarded as fairly horny. Subsequently, the marketplace remains to be keeping up many just right temporary alternatives. Traders must deal with a cheap share. The percentage is under moderate, just right chance control must believe disbursement of fine fundamental codes, just right enlargement within the 3rd quarter, anticipated to proceed to deal with enlargement. The funding function is against industry-leading shares with just right basics,” SHS professionals mentioned.
VN-Index might retest the resistance zone of one,238 – 1,240 issues
In keeping with the research crew of Agribank Securities Corporate (Agriseco), at the technical chart, the 1,200 level space acts as a competent enhance threshold when effectively activating bottom-fishing call for to extend within the quick time period. Agriseco Analysis believes that, after two consecutive classes of restoration and technical signs supporting the uptrend, the VN-Index has an opportunity to transport to the resistance stage of one,245-1,250 issues. As a result of marketplace liquidity stays at a low stage, which has a much less certain have an effect on at the spillover impact of money waft, fluctuations might seem intermittently all through restoration classes.
VN-Index might retest the resistance zone of one,238 – 1,240 issues (Representation: KT)
“Traders can open low-weight buying and selling positions at marketplace fluctuations all through the consultation, prioritizing industry-leading shares that experience a forged long-term value build up basis however were discounted to horny value spaces. information”, Agriseco professionals advisable.
In the meantime, professionals from Yuanta Vietnam Securities Corporate (YSVN) consider that the marketplace will most probably proceed its upward momentum in lately’s consultation, November 22, and the VN-Index might problem the area once more. Resistance 1,238 – 1,240 issues. On the identical time, that is only a technical pullback and can’t utterly ascertain the temporary backside. These days, bullish value reversal patterns are forming however those patterns can’t be showed. The certain level is that liquidity has stepped forward in comparison to the ultimate 3 classes, however it will be important to watch a couple of extra classes to judge the rage of liquidity.
“The quick-term development of the overall marketplace nonetheless stays at a downward stage. Subsequently, traders can proceed to carry a low inventory share of 35-40% of the portfolio and proceed to watch the approaching buying and selling classes, particularly traders wish to restrict promoting at low ranges. this era”, YSVN professionals famous.