The stock market is in a strong uptrend with a series of positive indicators. Specifically, VN-Index has 3 trading sessions above the psychological threshold of 1,400 points and the amplitude is gradually increasing. Yesterday's liquidity reached more than 34,800 billion VND, the highest in the past 3 months. Foreign investors returned strongly when net buying a total of 9,600 billion VND in 6 consecutive sessions.
"The market is starting to heat up. Investors seem to be more optimistic and excited, but not to the point of worrying," said Mr. Tran Xuan Bach, Director of Market Strategy at Bao Viet Securities Company (BVSC).
According to Mr. Bach, the upward trend of VN-Index in the next 3-6 months is relatively clear due to reduced tariff risks, combined with domestic factors such as high economic growth momentum, expansionary monetary policy, positive business results and prospects for market upgrade.
For the short-term trend in the next month, he divided it into two small stages. First, from now until mid-July, VN-Index can maintain the uptrend and head towards the resistance zone of 1,450 points, even challenging the historical peak of over 1,500 points if positive. The increase comes from expectations about the results of tariff negotiations, the alternating increase of large-cap stocks and foreign investors returning to net buying.
The second phase was in the second half of July, when profit-taking pressure increased due to a lack of supporting factors amid cautious investor sentiment ahead of the US Federal Reserve's monetary policy meeting and the official announcement of tariffs.
"The market has a medium-term growth prospect, but when the VN-Index approaches strong resistance zones, especially around historical peaks, supply pressure will increase. This may lead to technical corrections, but also create buying opportunities for investors with medium and long-term vision," said Mr. Bach.
According to BVSC experts, investors with low risk appetite and planning to disburse new funds to hold for more than 6 months can wait to buy at a better price. When the market fluctuates too strongly in a short period of time, corrections are inevitable and necessary to cool down. This also gives groups of stocks time to build a new price level before continuing to rise. In the short-term correction scenario, he predicts the index will fall to the 1,300-1,350 point range, a decrease of about 6-9% compared to the present.
Mr. Le Vu Kim Tinh, Branch Director of Phu Hung Securities Company, also recommends that medium-term investors do not buy because of the fear of missing out (FOMO).
"Those who are cautious and determined to hold for a long time do not need to rush to buy. The opportunity is still there," he said.
On the contrary, for those with high risk appetite and market knowledge, Mr. Tinh said that they can disburse immediately in the coming sessions because the period of strong fluctuations is a rare opportunity for "surfing".
VN-Index is increasing rapidly in terms of points and has successively surpassed important resistance levels, but many stocks have not yet broken out accordingly. Cash flow is currently circulating rapidly among industry groups (from steel, banking to securities, real estate...), so the appropriate strategy is to separate each industry to select leading stocks, shown by the signal of cash flow inching up while prices have little adjustment.
The two experts agree that the market has not shown any negative signs in terms of macro and cash flow to trigger a sell-off. However, investors who want to use leverage to increase their profit opportunities should manage their portfolios carefully. Both believe that margin should only be disbursed during corrections, when the stock price level is lower than the current level. Investors in this case are advised to set a stop loss order to ensure safety if unexpected fluctuations occur, and to be disciplined in taking profits when the expected rate is reached.
Before today's trading session, many other analysis groups also expressed optimistic views and recommended investors to buy more or at least hold the current portfolio.
In its daily market newsletter, Vietcombank Securities Company suggests that investors can invest in stocks that are attracting speculative cash flow with the goal of surfing T+. The sectors listed by this analysis group include securities, real estate, and banking.
Without mentioning new disbursements, Saigon - Hanoi Securities Company (SHS) commented that the market is still in an uptrend and investors have the opportunity to make profits from stocks that have not yet rebounded strongly. Stock filters should focus on stocks with good fundamentals and leading in strategic industries.
Similarly, the analysis team of Yuanta Vietnam Securities Company recommends that investors prioritize holding a high proportion of stocks in their portfolio and should not sell at this stage because the market has not shown any signs of reversal.
HA (according to VnE)Source: https://baohaiphongplus.vn/co-nen-rot-tien-vao-chung-khoan-luc-nay-416029.html
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