Quite high vibration capacity

Investment Comments

Asean Securities (Aseansc) : The market officially broke through the old short-term resistance zone of 1,186 points and had a doji candle with its entire body above the old peak, showing that the buying force in the session of February 6 was still dominant. The session on February 7 will be the weekly candle closing session. If the increase is maintained, the market may have more positive developments after Tet.

The market trend will return to test the resistance zone of 1,190 - 1,211 points (old trading gap from September 2023). This will be an important resistance level of the market and needs to be retested. Investors continue to observe the market.

East Asia Securities (DAS) : The index is moving sideways and stably around the 1,180 - 1,190 point range. The trend of VN-Index is still accumulation and medium-term increase. Investors can continue to hold a portfolio of stocks with good business results in the last reporting period, paying attention to securities, industrial park, construction material, and banking stocks.

Beta Securities : From a technical perspective, in terms of trend, VN-Index is still maintaining above the MA10 and MA20 lines, implying that the short-term uptrend is still being maintained and heading towards the psychological resistance level of 1,200 points.

February 7 is the last trading session of the Year of the Cat, it is likely that cash flow will remain cautious and rest before the holiday, so there will be little liquidity explosion, but expectations are still positive in terms of scores, although the possibility of fluctuations is quite high.

However, cash flow is still showing differentiation when prioritizing allocation to stocks of businesses and industries that are expected to have positive prospects in 2024. Low interest rates are expected to continue to support the stock market after the holidays.

Stock news

- Fruit and vegetable exports in 2024: Forecast to bring in 6.5 billion USD. Mr. Dang Phuc Nguyen - General Secretary of the Vietnam Fruit and Vegetable Association affirmed: Durian is still the "trump card" item this year, especially thanks to the Protocol on frozen durian exports, this item alone will bring in about 3.5 billion USD - nearly equal to the total annual fruit and vegetable export turnover of the previous period. In addition, the Protocol on fresh coconut exports will also boost fruit and vegetable exports.

"With the addition of the Protocol on frozen durian and fresh coconut, the export turnover in 2024 will certainly exceed 6.5 billion USD," Mr. Dang Phuc Nguyen emphasized.

- Fed Chairman Jerome Powell warns: Some banks will have to close, but the problem is 'manageable'. The new concerns come after $116 billion commercial real estate lender New York Community Bancorp (NYCB) shocked Wall Street by cutting its dividend, reporting a surprise quarterly loss and setting aside millions of dollars to guard against credit risks .

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