Avoid buying in hot uptrend

Investment Comments

KB Securities Vietnam (KBSV) : After a prolonged increase, the risk of a short-term correction will gradually increase as the index approaches the psychological resistance level of around 1,300 points. However, when the breadth of the increase and liquidity are still consolidated along with the price increase, the possibility of a deep correction is not yet highly appreciated.

Investors are advised to avoid chasing during hot uptrends, and only place orders to disburse a portion of the holding positions when the index or target codes fall to nearby support zones.

Asean Securities (Aseansc) : The index maintains high momentum and volatility indicators with RSI entering the "overbought" zone, a positive money flow indicator with liquidity remaining high.

Therefore, Aseansc believes that VN-Index will likely continue to increase to the 1,280 - 1,300 point mark and at this area the index will fluctuate.

Tien Phong Securities (TPS) : In the short term, the index will likely experience some sideways sessions to accumulate for a new uptrend to the next strong resistance zone of 1,280 - 1,290 points.

The index's support zone is currently at 1,240 - 1,250 points. Cash flow will tend to shift between industries and large-cap to medium- and small-cap segments.

Stock news

- US stocks fall. The US stock market fell in the trading session on Monday (February 4), causing both the S&P and Nasdaq indexes to fall from all-time records, although technology stocks maintained their upward trend thanks to the artificial intelligence (AI) fever.

- Bitcoin prices surged past $68,000, closing in on an all-time record. The surge in cryptocurrency and cryptocurrency stocks is evidence of the growing risk appetite among Wall Street investors .

Source: https://www.nguoiduatin.vn/lang-kinh-chung-khoan-63-tranh-mua-duoi-trong-nhip-tang-nong-a652645.html