AseanSe recommends that investors should temporarily hold an average weight and closely monitor the support zone of 1,215-1,220 points and only consider increasing the weight if the cash flow shows more positive signs.
The stock market on August 15 fluctuated narrowly and adjusted again in the context of low liquidity. By the end of the trading session, the VN-Index closed at 1,223.56 points, down 6.8 points, equivalent to -0.55%. Foreign investors continued to net buy more than a hundred billion.
Most securities companies have a cautious view and believe that the market will continue to fluctuate in the context of cash flow not being ready to participate.
From TPS Securities' perspective
The market retreated to the support zone of 1,220 points before the weekend with a lack of liquidity. The current trading week is seeing a significant decrease in liquidity compared to the previous week, showing the hesitation and doubt of investors in the market. VN-Index is in need of a leading candle with large liquidity and investors are recommended to disburse at the 1,220 point zone, especially disburse strongly if liquidity increases.
According to Asean Securities
Realizing the caution of investors as well as the indifference of cash flow towards the general market. However, low volume also shows that supply pressure is exhausted. The trend will continue to struggle, the important support zone is 1,220 points, if broken, the index may continue to fall deeply to the 1,180 - 1,190 point zone.
AseanSe recommends that investors should temporarily hold an average weight and closely monitor the support zone of 1,215-1,220 points and only consider increasing the weight if the cash flow shows more positive signs.
According to ABS Securities
The possibility of a choppy state will continue in the next session. This short-term recovery will be more stable if the market creates another bottom to consolidate the recovery. Liquidity gradually tightens as the VN-Index approaches the resistance zone, so investors who participated in the recent recovery need to manage their capital well.
According to KBSV Securities
With the main index closing near the session low, the market is leaving open the risk of a reversal that is increasing. Investors are recommended to reduce the proportion of their portfolio to a safe level during early recovery periods, and only partially re-open purchases when the index/stock falls back to the corresponding support level.
On a more positive note, the market may recover in the next session and the VN-Index may retest the 1,230-point level. At the same time, the market is still in a short-term accumulation phase, so liquidity remains low and stocks are diverging.
Investors are advised to continue holding low stock exposure and may consider buying new exposure at low exposure.
Source: CafeF
