Cautious cash flow is returning, helping the stock market regain its positive tone after a period of stagnation. In the context of the uptrend still waiting for a clear confirmation signal, investors need to maintain a cautious trading strategy, disburse in parts and avoid chasing purchases during the excitement.
Avoid buying during euphoria
The market flow is gradually warming up, creating a more positive picture. Although liquidity has not really exploded, the upward trend still shows that cautious money has started to return. This is the period when the market is in transition, opening up opportunities but also posing risks if investors act too hastily.
In that context, BETA Securities Company recommends that the reasonable strategy is to disburse in parts, prioritizing stocks that are attracting cash flow and maintaining positive price trends. Short-term investors should focus on leading groups, adhere to the discipline of cutting losses and avoid chasing purchases during excitement. With a medium-term vision, a slight correction will be an opportunity to increase the proportion in strong support zones.
According to Vietnam Construction Securities Company, the exploratory buying position has been profitable, so investors should prioritize increasing the proportion of stocks they have bought. However, the increase should be chosen when the general market fluctuates in the coming sessions. Because the upward trend has not been clearly confirmed, do not rush to hold too large a proportion of stocks and still need to keep the proportion balanced.
In addition, AseanSC experts commented that after the first session of the week, normally if the VN-Index accumulates for 3 sessions above the 20-day MA line or there is a similar acceleration session on November 17, the short-term uptrend will likely be confirmed again. The index’s near support zone is the 1,645 – 1,650 point area while the near resistance zone is the threshold of 1,660 – 1,670 points. Investors holding stocks can maintain their current positions, especially with stocks that have safe capital costs and better price strength than the general market in the session on November 17. Investors still holding a large proportion of cash can wait for the next fluctuations to look for opportunities, and at the same time need to limit chasing purchases at the pulling sessions during the session.
Narrow supply, VN-Index soars
The first session of the week started in an exciting atmosphere when the VN-Index opened with the dominant green color, igniting expectations for a stronger recovery in the coming time. At the end of the session on November 17, the VN-Index increased by 18.96 points (1.16%), closing at 1,654.42 points.
Positive signals returned, however, there was no support from liquidity when the matched volume was lower (-18.1%) than the average of 20 sessions. Accumulated to the end of the trading session, liquidity on the HSX floor reached 767 million shares (8.80%), equivalent to a value of VND 21,552 billion (3.34%).
The market had a positive session and the opening was in the green with 16/21 industry groups closing with gains. Real estate (2.26%), Industrial Park Real Estate (1.90%) and Banking (1.76%) were the three industry groups that closed with the strongest gains. On the other hand, Insurance (-2.08%), Chemicals (-1.68%) and Telecommunications Technology (-0.72%) were the only three industry groups under pressure to correct on November 17.
Foreign investors have not shown any signs of ending their net selling streak as the value at the closing time of the session reached -908 billion VND. HPG 236 billion VND, FPT 173 billion VND and VNM 69 billion VND are the three stocks with the most net buying. On the other hand, STB -234 billion VND, VHM -121 billion VND, VRE -119 billion VND are the three stocks with the strongest net selling pressure.
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