This week, the stock market continued to fluctuate widely, with 4 consecutive rising sessions before reversing at the end of the week. Overall, the VN-Index still accumulated an additional 45 points. Liquidity remained high, averaging nearly 51,800 billion VND per session. However, foreign investors continued to net sell, with a cumulative total of over 8,200 billion VND for the week, with the last three sessions recording values over 1,000 billion VND.

According to Vietcombank Securities (VCBS), the index's rise was fueled by bank stocks and Vingroup stocks. Market cash flow showed dynamism and decisiveness, rotating quickly between sectors to seek profit opportunities.

However, profit-taking pressure increased significantly in the last session of the week, especially in previously overheated stocks.

Investors monitor the stock market via a mobile app. Photo: Quynh Tran

Investors monitor the stock market via a mobile app. Photo: Quynh Tran

From a technical perspective on the daily chart, VCBS noted that the moving average convergence divergence (MACD) indicator continues to point upwards, with the +DI (directional indicator) and ADX remaining above 25, suggesting the market's uptrend is still maintained.

However, the relative strength index (RSI) has formed a peak and is heading down in the high zone after overheating in previous sessions, suggesting the VN-Index will experience fluctuations after conquering the new peak.

On the hourly chart, the MACD has peaked and the RSI continues to move downwards, showing a slowdown in the uptrend. Simultaneously, the downward trend of the Chaikin money flow (CMF) indicator reflects some caution in the cash flow.

"Fluctuations are unavoidable as the index is trending towards higher levels," VCBS stated.

This analysis team recommends investors avoid chasing stocks that have already risen sharply. Investors should prioritize stocks with signals of attracting cash flow and bouncing from the nearest accumulation base to consider increasing their weighting in this period.

Beta Securities (BSI) also forecasts market corrections in the near future, but views these as necessary "pauses" for the index to consolidate its price base and absorb selling pressure, creating conditions for a more sustainable uptrend.

Therefore, the expert team advises investors to remain calm, avoid panic selling when the market fluctuates, and carefully observe developments to take advantage of reasonable correction zones. Priority should be given to leading stocks with a solid accumulation base and attractive upside potential.

"Overall, the market maintains a positive trend, and the upcoming correction sessions may be an opportunity for investors to capitalize," stated the BSI analysis team.

The VN-Index has surpassed its 2022 historical peak, and the VN30 is heading towards the 1,800-point range. Saigon-Hanoi Securities (SHS) considers this a "very sensitive" price zone for the VN30, corresponding to a 60% increase from its lowest point in April of this year.

"Historically, there has been no continuous rally with a sharp increase of around 60% for the VN-Index and VN30 without a fairly strong correction," the analysis team emphasized.

Therefore, SHS recommends that investors be cautious and closely monitor current market developments. Speculative positions and portfolio structures should be carefully evaluated, considering selling weakening stocks. At the same time, investors also need to control short-term positions and rotate cash flow reasonably as the stock market's uptrend continues.

The general advice from experts is for investors to maintain a reasonable weighting, with investment goals directed towards stocks with good fundamentals, leading in strategic industries and outperforming the economy's growth.

Tat Dat