Stock Market Perspective for the Week of November 17 - November 21: Maintain the recovery rhythm, be careful with fluctuations

VN-Index has just experienced a volatile trading week with the first two sessions of the week under pressure to correct below the psychological mark of 1,600 points. After that, the index quickly recovered to around 1,630 in the following sessions. Cash flow is differentiated between industry groups when selling pressure mainly comes from large-cap stocks in the securities and banking sectors, causing the general index to continue to fluctuate in the 1,620-1,640 range. On the contrary, cash flow is more active in small and medium-cap stocks, especially in groups of stocks that have not had a strong increase in recent times, such as chemicals and oil and gas.

At the end of the trading week of November 10 - November 14, VN-Index closed at 1,635.46 points, up 2.27% compared to the previous week, marking a week of increase after 4 consecutive weeks of decrease. Foreign investors continued to net sell for the 16th week, with a value of -2,281 billion VND on HoSE.

Based on technical indicators, securities companies have made comments and recommendations for the coming trading week.

VCBS: Can look for short-term investment opportunities

VN-Index ended the weekend session with a green candlestick showing the market's recovery momentum. On the daily chart, the MACD and RSI indicators both pointed up, indicating that the index is still maintaining its recovery momentum. At the same time, the CMF indicator continued to move up, thereby strengthening the VN-Index's recovery momentum in the short term. The general index is expected to find a balance around the MA20 line, equivalent to the 1,640 - 1,650 point range, and the short-term resistance zone will be around 1,700.

On the hourly chart, the CMF and MACD indicators are still pointing upwards, indicating that the short-term trend of the market is still up. However, the RSI indicator is slightly pointing down, indicating that fluctuations may still occur in the coming trading sessions.

VN-Index recorded a recovery of more than 36 points in the trading session last week. Some large-cap stocks and some individual stock groups with their own stories that have attracted a lot of cash flow in the market in the recent period continue to record positive signals. Therefore, VCBS recommends that investors continue to hold stocks that have maintained a good growth rate, in addition, they can look for short-term investment opportunities following speculative cash flow in industries/stocks that have attracted this cash flow in recent sessions such as real estate, chemicals and construction.

SHS: The market is recovering positively

The short-term trend of VN-Index after a period of adjustment and decline is recovering and accumulating again. The short-term trend of VN-Index has improved when it surpassed the price zone around 1,610 points, corresponding to the lowest price zone in September 2025, as well as surpassing the long-term downtrend channel connecting the highest price peaks in September, October and November 2025. However, liquidity is not really positive and VN-Index is under pressure to fluctuate and adjust to retest the support zone around 1,610 points.

After nearly 5 weeks of the index being under pressure to adjust from the price range around 1,800 points to below 1,600 points, the market is recovering quite positively and is in the phase of restructuring the portfolio at the end of 2025. Many codes after a period of strong price reduction returned to medium and long-term support zones.

The positive point is that the market maintains many fundamentally good businesses, growing business results, and basic valuation parameters are much lower than the market average. Besides the information that FTSE announced the list of qualified companies after upgrading and foreign investors reduced net selling pressure, this is a good driving force for the market with the expectation of receiving new capital flows from investment funds.

Cash flow in the market is also circulating into good, leading, growing businesses with the above characteristics. This is a good direction for investors to consider when allocating and increasing the proportion.

SHS recommends that investors maintain a reasonable proportion. Investment targets are stocks with good fundamentals, leading in strategic industries, and outstanding growth of the economy .

TPS: Opening up room to move up to the 1,650 - 1,686 point zone

In the trading session on November 14, 2025, the VN-Index continued to record a recovery momentum, in line with TPS's previous forecast. Liquidity remained stable and equivalent to the previous session, although still lower than the 20-session average. This reflects the cautious sentiment of the market in the current recovery phase. From a technical analysis perspective, the VN-Index has broken through the short-term downtrend line, thereby opening up room for the index to continue moving up to the target zones around 1,650 and 1,686 points in the coming time.

The HNX-Index is showing signs of returning to balance after the previous correction. However, the current main trend is still accumulation, with the fluctuation range limited to 256 - 271 points. Notably, the HNX-Index closed above the MA20 line, reflecting the consolidation of the short-term recovery momentum. If the index remains stable above this mark, the possibility of expanding the increase towards the resistance zone of 271 points in the following sessions is completely feasible.

PHS: May continue shaking

VN-Index ended the session slightly green. The positive point is that the percentage of codes above MA20 and MA50 days (mid-term trend) also improved along with the index's recovery. However, this level is still below the average threshold of 50%, implying that the market breadth is still narrow and differentiated.

VN-Index may continue to fluctuate to consolidate momentum, as the upper resistance zone is quite close, around 1,640 - 1,660 points. If the index surpasses the 1,660 threshold, we can expect the recovery to continue to move towards a further resistance zone around 1,690 - 1,700 points. On the contrary, the near support is raised to around 1,610 points.

For HNX-Index, the index maintained its upward momentum, along with improved technical indicators, showing the possibility of continuing to move up to test the resistance zone around 270. The near support is currently raised to around 262 - 264.

With a medium risk appetite, investors should continue to monitor the market's reaction when approaching the technical resistance zone. If liquidity improves, and there is a consensus signal of a breakout from the general stock level, it will further strengthen the point of re-entry. For a high risk appetite (suitable for a surfing strategy), investors can pay attention to industry groups that are showing good support testing with a higher second bottom pattern, notably: Oil and Gas, Export, Industrial Parks, Utilities.

AseanSC: Investors can disburse in parts

VN-Index formed a weekly candlestick pattern of Bullish Marubozu in the context of increased demand when the index tested the support level of 1,580. However, the trading volume only reached over 3.2 billion units, narrowing compared to the previous week and reflecting the cautious sentiment of some investors.

AseanSC believes that the index may continue to fluctuate in the short term as it takes time to process the technical resistance levels on the chart (1,640 - 1,645 area). The near support level of VN-Index is 1,620.

With short-term trading, investors with a large cash balance can disburse part of their money during fluctuations, prioritizing stocks that are moving in a short-term uptrend on the technical chart.

With the long-term buy-and-hold school, investors should only increase their proportion during corrections, prioritize observing leading stocks and maintain profit growth prospects in the 2025-2026 period.

Source: https://baodautu.vn/goc-nhin-ttck-tuan-1711---2111-duy-tri-nhip-hoi-phuc-can-trong-nhung-nhip-rung-lac-d434980.html