Perspective 11/01: Retesting the near support zone?

Updated post

January 11th perspective: Retest the near support zone?

Some tools Securities company (CTCK) thinks that it is very important for VN-Index to retest support areas. In case the index loses 1,500 points by the end of this week, a strong correction might happen.

Recovered after retesting 1,500 points

MB Securities Company (MBS): MBS said that the volatility level in session 10/01 was unusual because there wasn’t any adverse information appearing both at home and abroad. Statistics show that, 3 out of 4 recent times when the market reached the liquidity of over 1 billion shares, the next session the market rallied. Technically, this securities company believes that the market can retest the psychological level of 1,500 points and recover.

Short-term downtrend is possible if the support area is lost 1,490-1,500 points

Asean Securities (Aseansc): Aseansc forecast in trading session 11/01, index VN-Index will have a decreasing inertia in the morning to VN-Index tested the support zone near 1,490-1,500 points, and beyond the support zone of 1,470-1,480 points.

Technically, the daily chart VN-Index appears a long red candle with The price closed below the short-term moving averages (MA3-day, MA5-day and MA10-day), with high liquidity, which is quite a negative signal. This shows that the sellers are temporarily dominant, and the short-term trend could turn negative if the support zone of 1,490-1,500 points is broken.

Support nearby support at 1.47x

KB Securities Vietnam (KBSV): KBSV assessed that the liquidity increased strongly in the downtrends, showing that the distribution pressure is large and the risk of expanding the correction span is overwhelming. The near support zone around 1.47x and further out at 1,450 is expected to create support for VN-Index and new spans will appear. recover again. Holding the distant support level is important, deciding to maintain the index’s rising channel.

KBSV recommends that investors can order buy again. A part of T+ trading position when VN-Index returns to the near support zone.

VN-Index will have a sharp decrease if the end of the week is lower than 1,500 points

Tan Viet Securities Company (TVSI): TVSI commented, in terms of indexes, VN-Index is having a decreasing span to fill the previous price gap and is expecting a cash flow after this correction. The drop in the session on January 10 was strongly recorded in petroleum, chemical and securities groups. Real estate and construction also recorded a correction along with the general market. VN-Index is approaching the strong short-term support zone at 1,500-1,510 points and is expected to recover after the downtrend. fill this gap. If VN-Index closes below 1,500 points this week, the scenario of a strong correction (with a margin of over 5%) is forecast. will take place.

TVSI evaluates that VN-Index continues its uptrend in the medium and long term. In the short term, VN-Index is correcting and filling the previous gap. Expect VN-Index may bounce at the current short support area and regain short-term momentum.

The possibility of VN-Index falling to the range of 1,475-1,490 points is not high

Saigon – Hanoi Securities Company (SHS): SHS believes that in the next sessions, if selling pressure continues to increase and the threshold of 1,500 points is closed, If it breaks through, VN-Index might need to retreat to the next support zone in the range of 1,475-1,490 points (MA20-50). However, SHS assessed that the possibility of a negative scenario was not high and the 10/01 drop was similar to the previous sessions. previous adjustments such as December 23, 2021 and December 6, 2021. Therefore, in the trading session 11/01, VN-Index might recover if the psychological support level of 1,500 points is maintained.

Investors who have taken profits on a part of their portfolio in the session 04/01/2022 to bring the proportion to the balance level can continue to hold stocks, possibly increase the rate important if the market tests the range of 1,475-1,490 points (MA20-50) in the coming sessions.

The short-term uptrend may slow down

)Vietnam Yuanta Securities Company (YSVN): YSVN forecast VN-Index may retest the range of 1,490 – 1,500 points in the 11/01 session. At the same time, the market showed signs of entering an accumulation phase, showing that the short-term uptrend may slow down and the correcting pressure may increase in the short-term. The negative point is that the cash flow increased strongly in the downtrend, showing that the risk is gradually increasing, but the session 10/01/2022 is still not considered the peak distribution session, so short-term investors need to limit selling in the downtrends. strength of the market.

Thuong Ngoc

FILI