Investment Comments
SSI Securities: The uptrend continues to near the old peak and is accompanied by a Hanging Man candlestick closing in the uptrend cycle, showing that the market signal is gradually weakening. Technical indicators RSI and ADX move in the positive zone, with RSI at 80, showing that the position strength is about to enter the growth limit.
Thereby, the VN-Index may temporarily stop increasing and is expected to fluctuate within the range of 1,220 - 1,232 points.
Investors can continue to hold stocks with positive trends and take advantage of the pullback to increase the proportion of the portfolio. At the same time, it is necessary to limit chasing purchases and prioritize new disbursements in the rebalancing periods. In particular, carefully select and focus on warrant stocks with positive prospects, long terms, good valuations and high liquidity.
Asean Securities (Aseansc) : The index closed above the resistance level, but the momentum index still signals overbought territory. Liquidity remains above average, confirming the sustainability of this uptrend.
Aseansc believes that in the short term, the market will soon face corrections due to great profit-taking pressure from short-term speculators.
Therefore, Aseansc continues to recommend that investors limit stock buying/selling at the present time and maintain the stock holding ratio in the portfolio at an average level.
Vietcombank Securities ( VCBS) : With the current situation, cash flow is actively participating in the market but there is no consensus but it rotates between industry groups.
VCBS recommends that long-term investors continue to maintain their holdings. Short-term investors can consider taking partial profits on stocks that have had a good uptrend and are accumulating and consider disbursing for stocks that are attracting cash flow and tending to overcome resistance after a long period of sideways trading such as securities and seaports.
Stock news
- Fruit and vegetable exports: Positive signals from the beginning of 2024. According to the Import-Export Department ( Ministry of Industry and Trade ), continuing the strong growth momentum in 2023, fruit and vegetable exports continued to grow positively, with the export value in January 2024 reaching 510 million USD, up 24.9% compared to December 2023 and up 112.1% compared to January 2023. This is a good signal for the fruit and vegetable industry in 2024.
- During the 7 days of the Lunar New Year of Giap Thin in 2024, import and export of goods reached 1.41 billion USD. According to preliminary statistics of the General Department of Customs, during the Lunar New Year of Giap Thin in 2024 (7 days from February 8 to February 14, 2024), nationwide, more than 1,000 Vietnamese enterprises participated in import and export of goods. The total value of import and export goods nationwide reached 1.41 billion USD, of which the total value of export goods reached 0.73 billion USD .
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