Vn-Index is expected to continue to increase with the support from the support area of 862-868 points in the next session. In general, BVSC still expects short-term gaining trend of the market with the target located at the resistance area of 888 ± 5 points in the short term.
Be cautious, but not pessimistic (Neutral)
(MB Securities Company – MBS)
The resistance of VN30 is getting stronger, the cash flow tends to shift to the mid-cap and small-cap stocks (Midcap), showing that the cash flow has not shown any sign of withdrawing from the market. Therefore, the view of the market this week is cautious, but not pessimistic.
Need session to increase both score and volume (Increase)
(SSI-SSI Securities Company)
Although VN-Index appeared slightly correcting from the resistant area of 873.5 points, the signal was not too negative. To confirm the next uptrend, the index needs another good gaining session accompanied by increasing trading volume, ideally close to the 50-day moving average of volume. At that time, the first target for this rally is likely to be at the peak in early June – the resistance area of 900 – 906 points.
Maintaining momentum (Up)
(Mirae Asset Securities Company (MAS)
Today’s gaining momentum, despite being under selling pressure at the end of the session, remained in green and that will help VN-Index maintain the gaining momentum in the next sessions.
Strong fluctuations in the last 2 sessions of the week (Neutral)
(BIDV Securities Company – BSC)
With the July 2020 futures contract expiring on Thursday with OPEC closing the meeting today, the market is likely to experience strong fluctuations in the last two sessions of the week.
Booming session needed (Neutral)
(Vietnam Construction Securities Joint Stock Company -VNCS)
The market’s recovering trend is still maintained. However, with both the rising amplitude and the liquidity being relatively low, there needs to be a boom session to create momentum, before confirming a new uptrend. Therefore, VNCS recommends investors continue to hold the current portfolio, and may consider opening exploration positions, and gradually increasing the proportion when there is profit.
Influence from Q2 / 2020 business results (neutral)
(BOS Securities Company – ART)
VN-Index continued to fail before resistant level of 870 points when selling pressure increased. Technical indicators on trends such as MACD, RSI, Stoch, ROC, still show signs of recovery trend. In the current period, the market will still be mainly influenced by the second quarter business results of enterprises. Influence of the Covid-19 epidemic is likely to keep the profits of companies from being positive in the second quarter. This factor may adversely affect the process towards the strong resistance area of 880-900 points of the VN-Index. Investors prioritize to hold the portfolio and strengthen risk management in the coming period.
Keep going sideways (Neutral)
(Yuanta Vietnam Securities Corporation)
The market may continue moving sideways or recover slightly in the next session. At the same time, Yuanta expects cash flow will continue to improve in the coming sessions, the positive cash flow is still differentiated among stock groups, especially this is also the time to announce quarterly business results. II / 2020 so cash flow has not completely returned to the market. In addition, psychology continues to improve more positively.
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