Limit the FOMO mentality of buying at all costs

Investment Comments

KB Securities Vietnam (KBSV) : The trading status is somewhat mixed with selling signals and correction pressure becoming clearer when buying cash flow slows down, showing that the risk of a decline is increasing.

Investors are recommended to spread out partial buy orders of trading positions when the index retreats to support zones, near 1.24x and in a deeper correction scenario around 1,220 points (+/-5 points).

Beta Securities : From a technical perspective, in terms of trend, VN-Index is still maintaining a positive short-term trend. However, profit-taking pressure is showing signs of increasing as VN-Index approaches the strong resistance zone of 1,280 - 1,300 points. In the current period, the zone of 1,240 - 1,250 points will act as short-term support for VN-Index.

Although the market trend is still positive, Beta recommends that investors should be cautious and limit the FOMO mentality of buying at all costs when the VN-Index is approaching the old peak to limit short-term risks when the possibility of fluctuations will increase.

In terms of medium and long-term vision, with the low interest rate level still being maintained to support the economy along with the growth prospects of many industry groups, especially in the second half of 2024, these will be important supporting factors for the market this year, so it is likely that cash flow will rotate towards stocks with good fundamentals, reasonable valuations and positive growth prospects this year.

BIDV Securities (BSC) : The index may continue to move up to the resistance zone of 1,285 - 1,300 points this week. However, it may face profit-taking pressure here after the recovery.

Stock news

Oil prices rose slightly in Asian trading on Thursday as traders sought more information on the search and rescue efforts following the crash of a helicopter carrying Iranian President Ebrahim Raisi.

Crude oil prices continued to rise from last week, as the prospect of interest rate cuts in the US and improved demand in China boosted crude demand. The market was also encouraged by the US government saying it had purchased about 3.3 million barrels of oil to replenish the Strategic Petroleum Reserve.

- Rice exports continue to increase . According to the Vietnam Food Association, as of April 30, rice exports reached 3.17 million tons, worth 2.037 billion USD, up 9.51% in quantity and 33.56% in value compared to the same period in 2023.

According to the Ministry of Agriculture and Rural Development, provinces and cities in the Mekong Delta have completed harvesting the 2023-2024 Winter-Spring crop with a planted area of ​​1.488 million hectares. The yield of this crop reached 71.84 quintals/ha and the output is estimated at about 10.65 million tons of rice .

Source: https://www.nguoiduatin.vn/lang-kinh-chung-khoan-215-han-che-tam-ly-fomo-mua-duoi-bang-moi-gia-a664496.html