Formation of accumulation

Investment analysis

Saigon - Hanoi Securities (SHS) : From a short-term perspective, the market is currently experiencing unusual volatility, but demand is quite strong and may help the VN-Index form a consolidation base before the strong resistance level of 1,300.

On March 20th, the VN-Index quickly regained the 1,250 mark according to the positive scenario and is gradually forming a new accumulation base to potentially create a new upward trend. However, short-term investors should still be cautious because the VN-Index's movement is quite wide and unpredictable.

Yuanta Securities Vietnam (YSVN) : The market may continue its upward trend in the next session, and the VN-Index may retest the 1,268 - 1,270 point range.

At the same time, the market is still in a short-term accumulation phase, so the VN-Index may not be able to completely break through the resistance zone of 1,268 - 1,270 points in the next 1-2 trading sessions. The positive point is that capital is flowing back into large-cap stocks, so the upward trend of the market will also be strengthened in the short term.

Vietcombank Securities (VCBS) : On the daily chart, the VN-Index shows signs of recovery after crossing the MA20 line, and the upward trend of the CMF money flow indicator suggests that active buying has increased again. However, the Bollinger band remains narrow, indicating that the VN-Index may experience fluctuations during the session as it approaches the previous peak area.

On the hourly chart, the RSI indicator is trending upwards, the MACD has crossed above the indicator line and is moving upwards from the lows, and the Tenkan line of the Ichimoku cloud is also showing signs of crossing above the Kijun line, suggesting that the VN-Index will soon return to the old resistance area around 1,270 - 1,280 in the short term.

Stock market news brief

- US stocks rose sharply on Tuesday (March 19), as the Federal Reserve (Fed) kicked off its two-day monetary policy meeting amid investor expectations that the central bank will begin lowering interest rates this year.

Why is the yen still depreciating after the BOJ ends negative interest rates? The yen exchange rate and Japanese government bond yields both fell after the Bank of Japan (BOJ) announced on March 19th the end of its ultra-loose monetary policy – ​​a historic shift away from the nearly two-decade-long fight against deflation. In a statement released after the meeting, the BOJ said short-term interest rates rose from -0.1% to around 0-0.1%; yield curve control (YCC) was abolished; and the program to purchase risky assets also ended .

Source: https://www.nguoiduatin.vn/lang-kinh-chung-khoan-21-3-hinh-thanh-nen-tich-luy-a655066.html