Prioritizing short-term investment strategies

Yesterday, the VN-Index opened slightly higher above 1,760 and fluctuated around this level throughout the morning session. The blue chips were somewhat differentiated, affecting the momentum of the Vietnam stock market. Specifically, large-cap stocks in the Banking group (CTG, STB) and VHM adjusted, putting pressure on the index. On the contrary, purple stocks in MSN and GEE and green stocks in VJC and FPT helped the index balance.

The movement of the VN-Index in the afternoon session was similar to the morning session, with an amplitude fluctuation of about 9 points around 1,760. Retail and real estate stocks were the bright spots of the session, with purple stocks in MSN, DXG, PNJ, and DIG. Green gradually regained the upper hand in the market with 180 green stocks and 126 red stocks.

The VN-Index ended the session near the session's highest peak thanks to the widening of the increase range in VIC stocks. Foreign investors reversed their net buying in the afternoon session with a total net value of VND 527.2 billion, focusing on buying NLG, DXG, and GEX. At the end of the session, VN-Index closed at 1766.85, up 8.90 points, equivalent to 0.51%.

The VN-Index closed the session with a Hammer candle thanks to the efforts of demand in the afternoon session.

This morning, VN-Index declined by 0.2% to 1,763 points with many stocks in downtrend, such as BCM, HDB, VCB, VNM,…

On the daily chart, the VN-Index fluctuated around the 1,760 mark. The RSI indicator continued to move sideways in the high zone, the MACD and CMF indicators pointed up, showing that the market was gradually balancing with the increase in demand. The DI line anchored above the 25 mark, and the ADX line was pointing up, so it is expected that the VN-Index will strengthen its momentum to conquer the 1,790-1,800 point zone again.

On the hourly chart, the buying force increased when the VN-Index adjusted to the Kijun line of the Ichimoku cloud, showing that the area around 1,750-1,760 is a notable support zone in the short term. The RSI indicator is pointing up again, and the MACD indicator is gradually showing signs of forming a bottom, so there is a high probability that the VN-Index will continue to move sideways in the upward momentum in the following sessions.

The VN-Index has a balance signal around the 1,750-1,770 point area with the return of buying force. However, liquidity has not really improved significantly compared to the previous sessions, showing that the divergence is still present in the market. VCBS recommended that investors prioritize short-term investment strategies during this period, focusing on picking stocks that consolidate the price base/long-term support zone convincingly with positive participation signals of buying force and watching for partial disbursements during market fluctuations. In addition, investors should not buy stocks at high prices to avoid the risk of short-term correction. Some notable stocks include public investment and retail.