The uptrend continues, stocks are likely to return to the old peak of 1,150 points.

After yesterday's positive price increase, the stock market today (November 16) fluctuated to test the 1,115 point price zone. VN-Index ended the session slightly up 3.03 points, or 0.27%, to 1,125.53 points. HNX-Index gained 1.68 points, or 0.74%, to 229.56 points.

Liquidity on both exchanges decreased by more than 21% compared to the previous session to VND17,134 billion. This development shows that cash flow was quite cautious during the derivatives expiration session and stock prices were divergent. Foreign investors returned to net selling VND125 billion on HOSE, focusing on bluechip stocks. They increased net selling on HNX with a value of VND70 billion.

In detail, construction and real estate stocks are the most active and cash-attracting group in today's session with VTR (+7%), DPG (+4.44%), DIG (+5.03%), PDR (+3.59%), NVL (+3.08%)... Chemical fertilizer stocks also had a good price increase session such as BFC (+6.93%), DPM (+3.35%), DCM (+2.73%), DGC (1.91%)...

On the contrary, the banking group is differentiated with not too large fluctuations such as VCB (+0.34%), CTG (+0.17%), BID (-0.91%), VPB (-0.25%)...

VN-Index ended today's session up slightly by 3.03 points, or 0.27%, to 1,125.53 points. Screenshot

From a technical perspective, VCBS Securities Company found that the buying force 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. At the same time, 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 points.

VCBS believes that investors can consider investing in stocks that are attracting good cash flow in industries such as fertilizer, securities, and construction.

According to experts from SHS Securities Company, the market is on a recovery trend, but any short-term recovery efforts are technical and contain risks. VN-Index may soon encounter short-term resistance at the 1,150-point area. Investors should avoid chasing high prices during uptrend sessions.

For medium and long-term investors, the market has been confirmed through the bottom of the downtrend at 950 points. Although the uptrend has ended, there is a high possibility that the market will enter the accumulation zone again. Therefore, long-term investors do not need to worry too much, they should wait for the opportunity to disburse more when the market accumulates and stabilizes again.

BSC Securities Company predicts that in the coming trading sessions, the VN-Index may accumulate further at the 1,125 area to gain momentum to bounce back.

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