Investment Comments
Asean Securities (Aseansc): The market increased well, surpassing resistance in the session of February 28 with volume remaining high at over 900 million shares. Cash flow tends to be more differentiated when the index reaches the resistance zone.
The signals supporting the market trend are increasing. The actions of chasing and increasing the proportion are no longer prioritized in the current context.
Therefore, Aseansc recommends that investors remain cautious and only open buying positions when the market returns to test the 1,200 - 1,220 point range. The actions of chasing and increasing the proportion will no longer be prioritized. The recommended proportion is at 65 - 70% of stocks.
Vietcombank Securities (VCBS): The market increased on February 28 mainly thanks to support from large-cap stocks, but in general, there has not been a spread to the rest of the market.
Therefore, VCBS recommends that investors gradually shift to disbursing stocks showing signs of solid foundation and stable cash flow signals in some industry groups such as securities, banking, and oil and gas.
Beta Securities : The increase on February 28th directed the index to the 1,280 - 1,300 point range. However, the 1,250 mark is a strong resistance point, so it is very likely that in the trading session on February 29th, the market will retest the 1,250 point mark. Therefore, investors should be cautious in limiting the buying of stocks that are in an overheated state to avoid profit-taking pressure leading to the risk of correction.
For investors who own stocks that are in a hot growth state or have reached their target, they can consider taking partial profits to ensure investment performance for their portfolio.
Stock news
- US stocks are mixed while waiting for inflation reports, oil prices rise, bitcoin surpasses $57,000. At the close, the S&P 500 index increased 0.17% to 5,078.18 points. The Nasdaq index increased 0.37% to 16,035.3 points. The Dow Jones index decreased 96.82 points, equivalent to a decrease of 0.25%, to 38,972.41 points.
Commenting on the session, Sam Stovall, chief strategist at CFRA Research, said the market “didn’t really have a clear direction” and that different sectors were “each doing their own thing.”
- The boss of the largest bank in the US: The economy continues to face the risk of recession, only 35 - 40% will have a soft landing. JPMorgan Chase CEO Jamie Dimon said that the US economy is more likely to be heading towards a recession than a soft landing. However, he does not think that systemic risks will appear .
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