Market Commentary April 21: Tug-of-war prevails, waiting for clearer signals to establish the trend

Index

• Vietnam Construction Securities Company (CSI): Waiting for VN-Index to retest the 1,180 point zone
• AIS Securities: Accumulation tug-of-war and exploration disbursement opportunities
• Vietcombank Securities Company (VCBS): Focus on groups with business prospects in the first quarter
• KB Securities Vietnam (KBSV): Recovery is slowing down
• Asean Securities: Prioritize long-term goals and groups of stocks with good fundamentals
• Yuanta Vietnam Securities Company (YSVN): There is still a chance for growth but strong differentiation
• BIDV Securities Company (BSC): Finding a balance point around 1,220 points
• SSI Securities: Adjustment pressure still exists
• TPBank Securities Company (TPS): Narrow amplitude in the short term, macro risks still exist
• Derivatives market commentary: Contradictory and tug-of-war

Vietnam Construction Securities Company (CSI): Waiting for VN-Index to retest the 1,180 point zone

On the weekly chart, the VN-Index reversed after approaching the 1,245-point zone, recording a slight decrease of 0.27%. This is a signal that profit-taking pressure is returning. CSI believes that the index may correct to the support zone of 1,180 points before returning to the recovery trend, with the target being the resistance zone of 1,270 - 1,300 points. Therefore, new purchases or increasing the proportion should be delayed until the VN-Index has tested this support zone.

AIS Securities: Accumulation tug-of-war and exploration disbursement opportunities

According to AIS, the Spinning Top candlestick appearing on the weekly chart along with high liquidity shows the tug of war between buyers and sellers. The main trend in the coming sessions is still sideways accumulation. If the resistance zone of 1,260 - 1,280 points is broken, the market may initiate a new uptrend. During the shaking phase, investors can consider exploratory disbursement into stocks that have adjusted to attractive areas.

Vietcombank Securities Company (VCBS): Focus on groups with business prospects in the first quarter

VCBS believes that VN-Index is retesting the support zone around 1,200 points and is still fluctuating at the short-term resistance of 1,220 - 1,230 points. In the context of many businesses announcing their first quarter business results and holding shareholder meetings, investors should choose stocks with positive prospects, combined with partial profit-taking for stocks that have increased sharply.

KB Securities Vietnam (KBSV): Recovery is slowing down

KBSV observed that the market is gradually losing its recovery momentum as the pull from the large-cap group is showing weakness. Although green is still the majority, the VN-Index reversed to decrease at the end of the session, forming a negative candlestick pattern on both the daily and weekly charts. This development shows that the trend of tug-of-war and differentiation may continue in the coming sessions.

Asean Securities: Prioritize long-term goals and groups of stocks with good fundamentals

For investors with a high risk tolerance, Asean recommends considering investing in stocks that have the potential to benefit from economic recovery and have low valuations. Meanwhile, cautious investors should continue to monitor global macroeconomic developments, especially issues related to reciprocal taxes between the US and Vietnam.

Yuanta Vietnam Securities Company (YSVN): There is still a chance for growth but strong differentiation

YSVN is more optimistic that the market may continue to increase in the next session and aim to challenge the 1,246 point zone. Short-term sentiment is still optimistic, supporting the new buying trend. However, the divergence will continue, so investors need to carefully choose strong stocks and take advantage of the correction to restructure their portfolios.

BIDV Securities Company (BSC): Finding a balance point around 1,220 points

BSC assesses that VN-Index is in the process of finding a balance point, fluctuating in the range of 1,200 - 1,245 points. The threshold of 1,220 points could be the accumulation zone before establishing a new trend.

SSI Securities: Adjustment pressure still exists

SSI believes that the market will remain cautious when approaching the resistance zone of 1,230 - 1,250 points. The index's reversal early in the session shows that selling pressure is still high. The scenario of a deeper correction is still open and needs further confirmation signals from cash flow.

TPBank Securities Company (TPS): Narrow amplitude in the short term, macro risks still exist

TPS sees the market likely to consolidate in the 1,195-1,245 point range before a new trend emerges. In the medium term, risks from the global macro environment, especially the US-Vietnam tax negotiations, remain a factor worth noting.

Derivatives market commentary: Contradictory and tug-of-war

YSVN believes that the VN30F2505 contract is still in an uptrend but is testing the lower limit of the Bollinger Band, with the possibility of rebounding in the next 1-2 sessions. Meanwhile, MBS warns that the derivatives market is "betting" a decrease when the basis is deeply discounted and selling volume increased at the end of last week's session. The recommended strategy is to buy at low levels (1,275 - 1,280 points) and sell at high levels (1,290 - 1,295 points), with a specific stop loss level.

Summary

The market on April 21 is likely to continue to fluctuate within a narrow range as the recovery trend shows signs of slowing down. While some securities companies recommend waiting for a correction to a deeper support zone, others remain optimistic about the possibility of retesting the nearby resistance zone. However, the general sentiment remains cautious, along with a portfolio restructuring strategy based on leading stocks and first-quarter business results.

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Source: https://baonghean.vn/nhan-dinh-thi-truong-21-4-giang-co-chiem-uu-the-cho-tin-hieu-ro-rang-hon-de-dac-lap-xu-huong-10295572.html