Today’s profit-taking sessions were relatively light, with buyers taking more initiative in the last minutes of the session, creating an impressive reversal. The latecomers seem to be eager to catch up and are willing to buy at higher prices, boosting liquidity and maintaining a continuous flow.
However, looking objectively, the strong momentum only occurred within the last 15 minutes of the continuous session and continued until the end of the ATC session. Prior to that, sellers still dominated, putting pressure on most stocks and only a few fragile pillars supported the index. MSN and MWG were the two blue-chips with the most stable strength in the session, before other pillars began to rise in the final minutes.
MSN made a strong impression by attracting a large volume of money early on and pushing up the price. This development is similar to some real estate stocks yesterday, such as KBC, but MSN’s influence is greater. The rapid increase pushed MSN to hit the ceiling price before experiencing a synchronized recovery in other major stocks. To push the pillars, a large amount of money is needed, and when the market sees a sharp increase in trading and aggressive orders, the sentiment will be very enthusiastic.
The most positive point of the nearly three-fourths of today’s trading session, which saw a downward and sluggish trend, was the sellers’ lack of determination. Although the breadth reflects a willingness to sell at a red price, the liquidity is not high and the price decrease is narrow. So either the selling is weak or the support is good enough. In general, balancing near the reference price also creates conditions for a recovery. It can be seen that in the last ten minutes, stocks alternately increased beyond the reference level.
Today’s increase, although only in the short period at the end of the session, was enough for the VNI to escape from the recent sluggish state. Stable trading at 23-24k billion VND is good because it is not too volatile, so holders are not overly concerned and can choose to gradually sell at higher prices. At this time, attention should be paid to specific resistance levels in individual stocks and the volume of order blocks during the upward trend in those areas. The overall trend on the index still supports holding stocks, but sudden liquidity should always be cautious.
The derivatives market today repeated the trend from yesterday for most of the time. It was narrow and without momentum. Although MSN and MWG performed well, this single pulling force did not have a clear impact on VN30. It was not until about the last 20 minutes of the continuous session, when both VN30 and F1 were pushed to exceed the intraday high, that short covering activities were stimulated.
VN30 ended today at 1280.17. The nearest resistance levels for tomorrow are 1283, 1291, 1300, 1306, 1310, and 1317. Support levels are at 1276, 1268, 1261, 1256, 1250, and 1246.
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