Securities companies believe that the VN-Index is showing many positive signs to maintain its upward momentum, but there will be a slight adjustment when the index moves up to the 1,145 point zone.
Continue to accumulate tug of war
Asean Securities Company (Aseansc): Aseansc assessed that the market experienced a positive derivatives expiration session when the buying force in the ATC session helped the VN-Index close at the highest level of the day, once again challenging the threshold of 1,125-1,130 points. It is likely that the market will continue to accumulate in a narrow range in the next few sessions before returning to an uptrend. Therefore, this securities company recommends that investors focus on monitoring the market's movements and take advantage of market fluctuations to restructure their portfolios.
Move up to around 1.145 before correction
KB Securities Vietnam (KBSV): KBSV assessed that the weakening selling pressure combined with the support level around 1.11x, equivalent to the 200-day MA, has increased demand response, making the market state somewhat more positive. VN-Index is likely to continue to maintain its upward momentum to the expected target area around 1.145 (before facing correction pressure again).
Indicators maintain positive trend
Vietcombank Securities Company (HM:VCB) (VCBS): VCBS believes that from a technical perspective, the demand in the ATC session helped the VN-Index form a green candle to maintain the uptrend. In terms of the daily chart, the MA20 moving average has started to give an upward signal, while the two indicators MACD and RSI are still maintaining a positive trend and have not yet shown a peak signal, indicating that the VN-Index will continue to move up to the old peak area around 1,150.
The 1,135–1,140 zone will act as resistance.
Beta Securities (Beta): Beta, from a technical perspective, believes that the VN-Index is in a short-term uptrend when it is above the MA10 and MA20 lines. Technical indicators such as MACD, MACD Histogram and SAR maintain positive signals, reinforcing the current short-term trend. The MA200 line (1,115 points) is acting as support for the VN-Index, while the 1,135–1,140 point area will act as resistance.
November 17 is the last trading session of the week, so volatility is likely to be high, but in general, the upward trend will still be maintained. However, investors should limit the psychology of chasing when there are signs of overheating.
