Aiming for 1,250 points

Investment Comments

Asean Securities (Aseansc) : The fact that VN-Index recorded its fourth consecutive increase with positive liquidity improvement shows that buyers are dominating and the upward momentum continues to be maintained. However, the increased profit-taking pressure towards the end of the session on February 15 may continue to occur at the beginning of the session on February 16, in the context that many stocks have achieved significant profits.

KB Vietnam Securities (KBSV) : After the initial increase on February 15, VN-Index fluctuated and struggled close to the reference level, before regaining some of the gains towards the end of the session.

The index forming a wide-range spinning candlestick pattern with strong liquidity shows a fierce trading state between the two sides.

In addition, the previous upward momentum of VN-Index is weakening with the negative RSI divergence signal on the daily chart. Therefore, the risk of creating a short-term peak in the coming sessions still needs attention.

Beta Securities : Session 16/2 is likely to maintain a positive state towards the 1,250 point mark.

However, VN-Index is outside the upper band of Bollinger Bands and the RSI indicator is in the overbought zone, so profit-taking pressure is likely to increase. Therefore, investors should be cautious in limiting buying and selling at this stage and can accumulate stocks of businesses that are expected to have positive prospects in 2024 during market corrections.

Stock news

- The yen plunged to its lowest in more than three months as inflation persisted across the globe. The Japanese yen fell to 150.87 yen per dollar on Tuesday after U.S. inflation data came in higher than expected in January. That was the yen's lowest level against the dollar since the Japanese currency broke through the 150-yen-per-dollar level in November 2023.

- 2024: Vietnam's economy will recover strongly. The 2024 economic growth outlook report recently published by international financial organizations all stated that Vietnam's economy will recover strongly in 2024, after a year of "steadfastly" overcoming "headwinds" from the world economy .

Source: https://www.nguoiduatin.vn/lang-kinh-chung-khoan-162-huong-den-moc-1250-diem-a649856.html