Stock market perspective for the week of October 27 - October 31: Cautious sentiment, the market is still accumulating

Securities companies recommend that investors closely follow market developments with caution and take advantage of the time to restructure their portfolios.

VN-Index has just experienced the most volatile trading week in history with a sharp drop of 95 points. In the following sessions, the market tried to recover but the differentiation is taking place strongly between industry groups and even stocks in the same industry.

Thanks to large-cap stocks supporting the index, VN-Index has returned to approach the threshold of 1,700. After 2 consecutive weeks of adjustment, securities companies have given their opinions on the market outlook for next week.

VCBS: Closely follow the market to restructure the portfolio

VN-Index traded in a wide range last weekend, closing at 1,683.18 points, down 3.88 points, or 0.23%. On the hourly chart, VN-Index gradually narrowed its range, with the MACD and RSI indicators agreeing on an upward trend, indicating that the recovery momentum may continue in the short term.

On the daily chart, after the maruzobu candle fell sharply at the beginning of the week, VN-Index had 3 consecutive doji candles showing that the tug of war between the two buying and selling sides was very strong. The general index has not yet confirmed a complete bottom, continuing to move with support at 1,660 and moving towards the 1,700 point area.  

VN-Index had a week of trading with an effort to recover after a record drop of 95 points at the beginning of the week. Although cash flow recorded a return to differentiation in the Real Estate, Retail, Oil and Gas groups, financial groups such as Banking and Securities continued to decline.  

Accordingly, VCBS recommends that investors continue to closely follow market developments in the coming sessions and take advantage of the uptrends during the session to restructure their portfolios, eliminating weak stocks that have broken the uptrend and gradually shifting the stock proportion to stocks that are starting to have good recovery momentum in the final sessions of the week.

SHS: Aiming for codes with good fundamentals

The VN-Index continued to recover and retest the price zone around 1,700 points after recovering well at the support zone of 1,620 points - 1,630 points, the lowest price zone in September 2025. The next strong resistance is the price zone of 1,730 points, the highest price of the sharp decline on October 20, 2025. Under the influence of leading stocks, VN30, the VN-Index is accumulating after a period of strong price increases.

The pressure of high-priced supply is increasing as the VN-Index is recovering and retesting the 1,700-point price zone in many highly speculative stocks. In the short term, the VN-Index is ending a period of strong growth that has lasted from April 2025 to present. This leads to the market being divided in two directions: On one side is strong selling pressure on stocks that have had a period of strong growth and have a high debt leverage ratio... On the other side is a good recovery, cash flow and improving trend for stocks and groups of stocks that have had a long adjustment period, with prices returning to the April - May 2025 price zone, a time of sharp decline due to tax imposition and positive business results.

With this development, SHS cautiously evaluates and proposes new investment opportunities, based on the reasonable valuation range of the enterprise and good growth in business results in the third quarter of 2025. Investors maintain a reasonable proportion. Investment targets are stocks with good fundamentals, leading in strategic industries, and outstanding growth of the economy .

Yuanta Vietnam: Positive with medium-term portfolio

Yuanta believes that the market may recover in the first session of the week. At the same time, the market is still in a short-term accumulation phase, so the VN-Index may continue to move sideways around the 20-session moving average (ie 1,698 points). If the VN-Index exceeds 1,721 points, the short-term trend may be more positive.

In addition, the sideways short-term sentiment indicator shows that investors are still cautious about current market developments.

With a short-term strategy (less than 1 month), the short-term trend of the general market remains at a downward level. Therefore, investors can hold a stock proportion of 20 - 40% of the portfolio and should only consider buying new stocks with a low proportion to explore the short-term trend.

With a medium-term strategy (from 1 to 5 months), the general market's medium-term trend remains at an UP. At the same time, the market is still in a medium-term accumulation phase, showing that the market is in a technical correction phase and is trading near the medium-term support zone of 1,605 points. Therefore, investors can continue to buy and hold a high proportion of stocks for their medium-term portfolio.

TPS: Carefully observe the demand force

In the next trading sessions, if demand continues to weaken, the market recovery is likely to end, and the VN-Index is likely to return to a correction state. However, the 1,600 - 1,620 point zone is a reliable support zone in case the VN-Index corrects.

The performance of HNX-Index at the end of the week was hesitant, although liquidity improved and exceeded the 20-session average, the score did not change significantly. On the other hand, HNX-Index is still moving below the 10- and 20-session average, showing that the short-term trend is inclined towards correction. The ~265-point zone will play a supporting role in determining the next trend. In case HNX-Index breaks this support, investors need to make appropriate risk management decisions.

PHS: Expecting the index to break out

VN-Index ended the weekend session with a Doji candlestick pattern, continuing to show a tug-of-war state looking for a balance zone. Overall, the movement was kept within the 1,620 - 1,690 point range, with an accumulation nature. The bright spot was that stocks that had previously fallen sharply began to show signs of balance and recovery from a low base. The expected uptrend will return when the index breaks out and consolidates above the 1,710 point threshold, while support is near around the 1,640 - 1,650 point level.

For HNX-Index, trading returned to a tug-of-war and the index changed little around the reference. Movement may continue to consolidate in the 262 - 268 range to accumulate more momentum. Resistance in the recovery direction is around the 272 - 276 threshold.

For investors, after bringing the account to a safe ratio, the remaining positions are inclined to hold. Investors need to monitor the market's reaction while finding the balance zone. Limit chasing or averaging down prices before signs of an increase or a stop fall are not clear.

Source: https://baodautu.vn/goc-nhin-ttck-tuan-2710---3110-tam-ly-than-trong-thi-truong-van-dang-tich-luy-d422942.html