What stocks to pick for short term?

In yesterday’s trading session, the VN-Index opened with a slight increase and then fluctuated within a range of /- 5 points around the 1,620 mark before being under selling pressure in the second half of the morning session, causing this index to fall slightly below the reference mark. The main contributors to the VN-Index's upward momentum were the Vingroup group (VIC, VHM) and some banking stocks (VCB, LPB, HDB).

On the other hand, some large-cap stocks such as FPT, VJC, MWG were under selling pressure after strong increases in previous sessions. In addition, some stocks in the securities industry had demand returning after being under strong supply pressure in previous sessions such as SSI, VIX, VCI.

Liquidity in yesterday's session decreased slightly compared to the same period in the previous session, showing that investors' cautious sentiment still existed in the market. At the end of the morning session, the general index recorded 1690.49, down 3.99 points from the reference.

In the first 30 minutes of the afternoon session, the market continued to be immersed in red under strong selling pressure in banking, consumer, and real estate stocks, and at times reached the strong support level of 1,600. However, in the middle of the session, bottom-fishing cash flow gradually returned to some banking stocks (VPB, SHB, MBB) and securities (SSI, VIX, VCI), helping the VN- Index reverse and increase points.

The upward momentum continued to be maintained thanks to the consensus of large-cap groups and the green color spreading to industry groups such as real estate and public investment, helping the general index regain its inherent 1,650 point mark.

Foreign investors in yesterday's session reversed to strongly net buy with a total value of 1,222.79 billion VND, focusing on buying VIX, VPB, and MSN.

At the end of the session, the VN-Index closed at 1651.98, up 34.98 points, equivalent to 2.16%.

The VN-Index ended the session with a green candlestick increasing points, subduing all yesterday's decreasing points thanks to positive developments in large-cap stocks.

On the daily chart, the RSI indicator has bottomed and reversed upwards, showing strong bottom-fishing demand in the market. At the same time, the CMF indicator reversed above the 0 level, showing that active buying money has gradually returned to the market after previous declines. The VN-Index is expected to regain its balance around the 1,660-1,670 level with a shortterm resistance zone around the 1,690-1,700 level, equivalent to the MA20 line.

On the hourly chart, the VN-Index reversed above the MA20 support level thanks to increased active buying liquidity at the end of the afternoon session. At the same time, the MACD indicator has bottomed, confirming the recovery trend of the VNIndex.

The VN-Index bounced back after touching the 1,600 support zone with green spreading widely thanks to consensus in the largecap group. With the current developments, VCBS recommended investors to continue holding stocks that are still maintaining good growth momentum in some industry groups such as rubber, oil and gas and technology, and can consider disbursing for short term surfing purposes with stocks that have successfully tested support signals when attracting the return of demand during market fluctuations. Some notable stock groups include banks, real estate, steel, and securities.