Has the profit-taking pressure stopped?

(NLDO) - In the November 28th stock market session, profit-taking selling pressure eased. Investors expect this trend to stop in the next session.

At the close of trading on November 28, the VN-Index closed at 1,242, a slight increase of 0.1 points, equivalent to 0.01%.

Following the hesitant buying and selling signals in the previous session, Vietnamese stocks opened on November 28th with enthusiastic demand and widespread gains.

However, after peaking in the first 60 minutes of trading, the gains narrowed as selling pressure returned.

Following this trend, the general index maintained a sideways movement near the reference mark in the afternoon session. However, active selling volume did not fluctuate unexpectedly.

Selling pressure during the session was mainly concentrated on VHM shares. As a result, the market managed to maintain a degree of balance. Investors expect profit-taking pressure to subside in the next session.

At the close of trading, the VN-Index settled at 1,242, a slight increase of 0.1 points, or 0.01%.

Given these developments, some securities companies predict that the VN-Index will fluctuate, rising and falling around the 1,240 point level before heading towards the 1,270 point region.

"The market is testing the 1,240-point resistance level as investors limit disbursements and reduce profit-taking. Stock market players can take advantage of intraday fluctuations to consider investing in stocks that attract capital, particularly in the banking, retail, and technology sectors..." - VCBS Securities Company commented and recommended.

Source: https://nld.com.vn/chung-khoan-ngay-mai-29-11-ap-luc-chot-loi-dung-lai-196241128172302356.htm