At the close of trading before the Lunar New Year holiday (February 13th), the VN-Index closed at 1,824.09 points, up 10 points from the previous day. The total trading value reached 18,936 billion VND, higher than the previous session but 31% lower than the average trading value of the past 20 sessions.
How did the stock market perform after Tet (Lunar New Year)? (Photo: Dang Duc).
TPBank Securities believes the VN-Index will continue its upward trend after successfully testing the previously mentioned strong support zone. Despite being the last trading session before the long holiday, liquidity improved slightly, indicating that capital has not yet withdrawn from the market.
Notably, selling pressure emerged at the beginning of the session but was quickly absorbed by active buying, helping the index close in positive territory – a factor that could create a positive sentiment foundation when the market resumes trading. Technically, the fact that the index closed at its highest point of the day, coupled with improved liquidity, reinforces the sustainability of the rebound, suggesting that the upward momentum may continue in the coming sessions.
According to the isosceles triangle pattern, the current recovery has the potential to develop into a new upward wave, heading towards the 1,980–2,000 point range. The previous correction also brought momentum indicators to oversold territory, helping the market rebalance and creating room for new capital to enter, thereby reinforcing the prospect of a healthier upward trend.
Investors should maintain their positions, avoid chasing rallies, and prioritize increasing their holdings during market dips in stocks with strong accumulation foundations.
BIDV Securities (BSC) believes that next week, after the holiday (February 23-27), the VN-Index will retest the support level at 1,725 points, with a positive market trend forecast after the holiday. Investors should consider gradually increasing their holdings of fundamentally sound stocks during corrections for short-term trading.
Phu Hung Securities assesses that the index is likely to continue fluctuating in the 1,800-1,830 point range for further consolidation. In a positive scenario, if demand improves, the VN-Index can expect a rebound towards higher resistance around 1,850 points. Conversely, the nearest support level is 1,780 points; a pullback below this level could lead to renewed downward pressure.
Investors are advised to consider holding their positions, maintaining an average weighting. The market is still in the process of retesting the correction phase, and no clear trend confirmation signals have appeared yet. Most stocks are also maintaining balanced movements and leaning towards further price consolidation. New buying should only be considered when liquidity and market breadth improve in a more widespread manner.
SSI Securities Company expects the market to likely recover after the correction in recent weeks, given the ongoing earnings season.
Historical data shows that the probability of a market rally around the Lunar New Year period is relatively high, with an 87.5% chance of an increase in the week before Tet and a 75% chance of an increase in the two weeks after Tet. This indicates quite attractive investment opportunities in February. In the medium and long term, this securities company maintains its base scenario with a target of 1,920 points for the VN-Index this year.
Source: https://dantri.com.vn/kinh-doanh/chung-khoan-sau-ky-nghi-tet-se-ra-sao-20260219135859936.htm
Comment (0)