Stock market perspective week 11/24 - 11/28: Demand recovery is being maintained

After a good week of recovery, the VN-Index last week switched to an accumulation state. The index fluctuated within a narrow range, trading around 1,620 - 1,650 points during the expiry week of the VN30 index futures contract. At the end of the week, VN-Index closed at 1,654.93 points, up 19.47 points compared to the previous week (+1.19%). VN30 had a positive impact and ended the week up 1.51% to 1,899.89 points, approaching the psychological resistance of 1,900 points.

VN-Index traded around 1,620 - 1,650 points last week.

Cash flow continues to be differentiated between industry groups when selling pressure mainly comes from large-cap stocks in the securities and banking sectors. On the contrary, cash flow is more active in a few large-cap stocks along with some other small and medium-cap stocks in industries that have not recorded a strong increase compared to the general index in recent times, such as chemicals and technology.

After a week of accumulation, securities companies have made comments for the next trading week (November 24 - November 28, 2025).

VCBS: Expectations towards the nearest short-term old peak

VN-Index ended the weekend session with a hammer candlestick showing strong support from investors in the market. On the daily chart, the MACD indicator continued to move up, showing that the index is still maintaining its recovery momentum. However, the CMF and RSI indicators are both moving sideways after bottoming out and have not yet given a clear signal of a new trend. On the other hand, VN-Index has also had 4 consecutive sessions of accumulation in the 1,650 - 1,660 point range, so a new short-term trend may appear in the coming sessions, with the most notable support being the 1,620 - 1,630 point range and the index's resistance being around 1,700 points.

On the hourly chart, the general index continues to record a strong increase and surpasses the EMA20 line. At the same time, the MACD indicator has formed the first bottom and continues to move up, showing that the recovery demand is being maintained in the market.

VN-Index is expected to move towards the nearest short-term peak around 1,660 - 1,665 points in the coming sessions.

At the end of the last trading week, VN-Index sent out a positive signal with an impressive recovery of more than 19 points, thereby significantly improving market sentiment. The important highlight lies in the differentiation when the cash flow did not spread widely but focused strongly on large-cap stocks and codes with separate growth stories.

Based on this development, VCBS recommends that investors continue to maintain their holding positions in stocks that are maintaining an upward trend to optimize profits. At the same time, for new disbursement or short-term positions, investors can flexibly seek short-term opportunities following speculative cash flows. The trading focus is currently on industry groups that have attracted good liquidity in recent sessions such as real estate, chemicals and construction.

SHS: Carefully evaluate prospects before increasing weight

The short-term trend of VN-Index is shifting to a positive accumulation recovery phase above the support zone around 1,640 points, corresponding to the current 20-session average price zone. Expectations are towards resistance around 1,700 points, corresponding to the highest price zone in August - September 2025.

Liquidity remains low, averaging about 700 million units/session on HoSE, only about 70% of the average level compared to 1 billion shares/session in October 2025. Stock groups are recovering after a decline and are under pressure to retest short-term support zones after the recovery.

After a period of strong price increases, the market is entering the year-end stage, the time to restructure the portfolio and close NAV in 2025. Liquidity is quite suitable after a period of strong short-term speculation. This is also suitable when new investment cash flow needs to be assessed more carefully based on the plan and growth prospects of 2026.

The positive point is that the market still maintains many fundamentally good businesses, growing business results, with basic valuation parameters much lower than the market average. In addition to the portfolio of stocks meeting emerging market standards with the expectation of receiving new capital flows from investment funds, investors need to carefully evaluate based on business plans and growth prospects for 2026 before considering allocation and increasing the proportion. The investment target is aimed at stocks with good fundamentals, leading in strategic industries, and outstanding growth of the economy .

AseanSC: Prioritize stocks in short-term uptrend

VN Index formed a small green candle on the weekly chart. Trading volume improved compared to last week but remained low compared to the 20-week average. Although the market index may extend its upward momentum, AseanSC believes that VN-Index will need time to handle the near resistance levels on the chart (1,660 - 1,670 points).

AseanSC forecasts that VN-Index will mainly move within the 1,600 - 1,700 point price channel this month, this is the accumulation period before the index gains momentum for a new increase in the final period of the year.

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 prioritize holding, focusing on leading stocks and maintaining profit growth prospects in the 2025 - 2026 period.

PHS: Likely to return to a tug-of-war state

Although the green color returned, the consensus recovery from the general stock level was still limited, liquidity was also below the 20-session average, showing that caution still prevailed. This implied that the rebound reaction was not convincing and the index was likely to return to a tug-of-war state, testing the 1,630 - 1,660 point zone.

With a medium risk appetite, investors should continue to stay on the sidelines and observe the market when the resistance zone test is not really convincing. If liquidity improves and a consensus breakout appears, it will further strengthen the entry point.

With a high risk appetite (suitable for surfing), investors also need to be more cautious to avoid price increase traps, and adhere to the discipline of selling if the position is violated. Some industry groups are adjusting to test notable support such as oil and gas, exports, utilities, and real estate.

Source: https://baodautu.vn/goc-nhin-ttck-tuan-2411---2811-luc-cau-hoi-phuc-dang-duoc-duy-tri-d439298.html