The market continues to shake

At the end of the trading session on March 13, VN-Index decreased by 0.2 points, equivalent to 0.02% to 1,052.8 points. The entire floor had 114 stocks increasing in price, 288 stocks decreasing in price and 61 stocks remaining unchanged. Trading volume reached more than 625 million units, equivalent to more than 11,225 billion VND.

On the other hand, the HNX-Index decreased by 2.01 points, equivalent to 0.97% to 205.85 points. The entire floor had 46 stocks increasing in price, 122 stocks decreasing in price and 44 stocks remaining unchanged. Trading volume reached more than 54.6 million units, equivalent to more than VND814.53 billion.

UPCoM-Index decreased by 0.4 points, equivalent to 0.51% to 76.38 points. Trading volume reached more than 24.4 million units, equivalent to nearly 296 billion VND. The entire floor had 125 stocks increasing in price, 134 stocks decreasing in price and 65 stocks remaining unchanged.

Finance - Banking - Stock market perspective March 14: Market continues to shake — Industry group fluctuations (Source: KBSV).

Support zone around 1,030 - 1,040 points

Agriseco Securities : Although much negative information about the US financial market appeared last weekend, the VN-Index today still held steady around the 1,050 point mark, a slight decrease of 0.02% compared to the previous session.

Strong foreign demand with a net purchase of VND840 billion (the highest in the last 5 net purchase sessions) was the main driving force to keep the index on track. The downside was that the cash flow did not spread but only focused on the VN30 group of stocks.

On the technical chart, VN-Index is moving above the MA20 moving average. In the immediate future, uncertain macro factors of the world financial market may cause the index to continue to fluctuate in the upcoming sessions.

However, Agriseco Research expects the correction to not be too deep thanks to the support of foreign capital flows. The support zone that investors should pay attention to is around 1,030 - 1,040 points. Agriseco recommends that investors temporarily observe market developments and can continue to hold stocks in the VN30 group.

Short term trend will end soon

TVSI Securities : VN-Index ended the session with a slight decrease and temporarily stopped at the short resistance zone around 1,055 - 1,060 points and up to today, it was the third session that it failed to surpass this resistance level.

On the contrary, the lower support zone around 1,045 points worked quite well as the index recovered very quickly at this price level.

With the short-term trend of the index still moving sideways with unclear signals, TVSI believes that investors should keep the short-term stock ratio at a moderate level and should avoid buying new stocks when the index is approaching the resistance zone as it is now.

New buying points should only take place during volatile market sessions and should be noted at last week's support zone around 1,020 points.

Correction pressure will return soon

KBSV Securities: After the initial shake, VN-Index gradually recovered and fluctuated around the reference level until the end of the session.

Balanced supply and demand pressure caused the index to continue to move sideways within a narrow range. Although the opportunity to extend the recovery in the short term still exists, the correction pressure will soon return when the VN-Index approaches the strong resistance level around 1,070 points.

Investors are recommended to sell trading positions around the mentioned resistance level and bring the proportion to a safe level.

The market is shaking even more.

VCBS Securities : From a technical perspective, the VN-Index closed the session still maintaining balance when continuing to stick close to the MA20 moving average.

However, in terms of the hourly chart, VN-Index continuously fluctuated when touching the Senkou-span B line, which is also the resistance zone around the 1,050 point area.

In addition, the two indicators MACD and RSI in this chart are also showing signs of creating a short-term negative divergence peak, along with the DI- showing signs of going up, indicating that the VN-Index may have stronger fluctuations in the coming sessions.

VCBS recommends that investors should trade short-term and closely follow market developments to promptly take profits to protect results if the downward pressure increases more strongly in the coming sessions .

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