Perspective 06/01: Back to test the support level of 1,515-1,520 points?
Aseansc forecasts that in the trading session of January 6, the VN-Index will have a decreasing inertia in the morning session to VN-Index tested the support area near 1,515-1,520 points, and beyond the support area 1,505-1,510 points. The tug-of-war is expected to appear at the low price area and can help the index have a certain recovery later, before there is a clearer trend delineation at the end of the day.
Check threshold 1,500 points
BIDV Securities Company (BSC): The session of January 5 saw 10/19 gaining points, of which electricity, water and petroleum and gas had an increase of 2%. Regarding the transactions of foreign investors, this block was a net seller on the exchange HOSE and a net buyer on HNX.
According to BSC, in the coming sessions the market from the session (January 6) may turn around. re-tested the newly established threshold of 1,500 points as a solid springboard to continue conquering new highs.
Clearer trend delineation at the end of the day
ASEAN Securities Company (Aseansc): Market session 05 /01 recorded the first correction after 3 consecutive gaining sessions. The main reason was due to increased profit-taking pressure in large-cap stocks, especially in banking stocks. On the other hand, real estate and seafood stocks still attracted quite good cash flow, thereby helping the market not to fall too deeply.
It is forecasted that in the trading session of January 6, the index VN-Index will have a decreasing inertia in the morning session. to VN-Index to test the support area near 1,515-1,520 points, and further out the support zone of 1,505-1,510 points. The tug-of-war is expected to appear at the low price area and can help the index have a certain recovery later, before there is a clearer trend delineation at the end of the day.
Continue to take profits
KB Securities Vietnam (KBSV): After 1 session surpassing the peak but with an “unmatched” volume, the distribution signal was accompanied by an increase in liquidity in the 5/01 session. showed a cautious sentiment of the market.
However, with the uptrend still playing a dominant role, the opportunity to recover and retest the resistance area of 1,540 again is still dominant with the support zone near at 1.51x.
Investors are recommended to hold a medium-term position and can continue to take partial profits of a short-term position when the stock price hits the next resistance areas or meets expectations. .
Note the industry group directly benefiting from the economic stimulus policy
Dong A Securities Company (DAS): The market diverged strongly in the group of large-cap stocks, because investors took profits after 2 sessions strongly increased, the trading volume increased but the index only decreased slightly, showing that the buying force was quite good and absorbed the profit taking goods. In addition to real estate and construction stocks continuing to gain momentum, seafood and textile stocks prospered in the session of January 5, however, the continuing uptrend has not been confirmed in the coming sessions for export stocks. this password. The market will continue to receive early announcements about business results of listed companies, as usual, positive news will be revealed first. VN-Index has surpassed the old peak of 1,511 points and is having a technical retest span.
Investors can disburse when the market corrects after technical peaks, paying attention to industry groups directly benefiting from post-pandemic economic stimulus such as banks, construction materials, infrastructure construction, real estate…
Mirae Asset Securities: Although it closed at the lowest level on January 5, the evaluation score technical of VN-Index only decreased slightly by 1 point to +6 points, still maintaining the status of short-term assessment as positive in the short-term.
Priority is given to the portfolio of small and medium-sized stocks
MB Securities Company (MBS) ): The market corrected under the pressure of profit taking from blue-chips when this group was just approaching the historical peak, in contrast to the heat from Mid cap and Small cap stocks. Market liquidity continued to increase, showing that the cash flow was waiting for the market to surpass the historical peak to return and the selection also seemed to be shaped in the session of January 5 with the address of small and medium-sized stocks when the market bluechips are struggling to surpass the top. Therefore, investors may give preference to the portfolio of small and medium-sized stocks while the correction is an opportunity to accumulate blue-chips.
Increase proportion of portfolio
Agribank Securities JSC (Agriseco): VN-Index may continue to fall back to re-test gap around 1,500 points in the next few sessions from January 6, but this is a good psychological support level of the market that investors can watch to disburse more. Now that the business results reporting season for the fourth quarter and the whole year of 2021 is approaching, investors can continue to hold Bluechips stocks and take advantage of the 1,500-point support level to increase their proportion. portfolio, focusing on industries that are attracting good cash flow such as public investment, export, oil and gas.
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