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Stock Forecast From 16th To 20th December

Monday 16, 12 2019
Forecasts and investment recommendations of some securities companies on market movements of the week of 16-20 December 2019.
Stock Forecast From 16th To 20th December

Closing the weekend session on December 13, VN-Index decreased by 0.21 points to 966.18 points. Meanwhile, HNX-Index increased by 0.23 points to 102.94 points.

Next week’s figures are expected to fluctuate relatively unpredictably

(Bao Viet Securities Joint Stock Company - BVSC)

"The market next week is forecast to fluctuate relatively unpredictably when there are many events that will take place such as the maturity of December futures contracts or portfolio restructuring activities of ETFs. VN-Index is more likely to continue to fluctuate in the area of 955-971 points next week.

The index still needs to surpass the resistance area of 970-971 points to complete the small bottom pattern and enter the recovery span with higher confidence. However, we also note that the market will have adverse movements in the last sessions of the week and may retest the support areas of 951-955 points again.

Investment strategy: Maintain the proportion of the portfolio at 30-35% of stocks. For investors who are holding a high proportion of stocks, they continue to watch the recovery of the market to reduce the trading proportion.

It is possible to open long positions at the support area of 951-955 points for investors who have not disbursed at the support area of 946-951 points or have a high proportion of cash or to consider raising the proportion of the portfolio when the index successfully surpasses the resistance area of 969-970 points ".

Unable to maintain the green

(Bank for Investment and Development of Vietnam Securities Joint Stock Company - BSC)

"In the morning, VN-Index gained positively thanks to the support from banking codes with BID, VCB, and CTG. However, the index could not maintain the green at the end of the session due to the pressure of VHM, VNM, HPG. The rising momentum of key regional stock markets did not seem to spread to the market today.

Besides, although there was support from positive macro information about the first phase agreement on the principle of US Trung, domestic pressure from strong net selling of foreign investors in the past week also prevented the index from positively accepting this factor ".

Unable to maintain the green

The uptrend has not been confirmed

(Rong Viet Securities Joint Stock Company - VDSC)

"VN-Index decreased slightly while HNX-Index continued to increase. In general, the uptrend has not been confirmed but the process of creating a bottom may be happening when the indices are near strong support levels. Therefore, investors might consider disbursing for exploration in correcting sessions."

The market may struggle

(Viet Capital Securities Joint Stock Company - VCSC)

"Short-term technical signals of VN-Index, VN30, HNX-Index, and VNMidcap have been improved to Neutral after overcoming the MA10 resistance which is located at 964 points, 879 points, 102.4 points, and 943 points, respectively. Meanwhile, VNSmallcap strengthened the short-term signal Positive to prepare to challenge the first medium-term resistance at 791 points.

It is predicted that tomorrow, the market might struggle in the morning; The VN-Index may even adjust to retest the 964 points level of the recently surpassed MA10. Successfully testing this support, the VN-Index will have a chance to extend its recovery momentum, first, it will rise to the resistance of the MA20 on 975 points and higher than the MA200 at 981 points. If penny stocks also resonate with this rally, helping VNSmallcap surpass 791 points, it will be the first index to improve the negative signal of the medium-term trend.”

The risk of deep decline in the next session is not high

(Tan Viet Securities Joint Stock Company - TVSI)

"The VN-Index closed at 966.18 points, down 1.99 points. The market breadth was slightly inclined to the number of losers. Meanwhile, liquidity reached VND 3,031 billion, a slight improvement compared to the previous session but remained below the average of the latest 20 sessions.

The cash flow increased to take profit at the price of 970 points so the index dropped at the end. However, the selling pressure was not too strong, so the risk of deep decline in the next session was not large. For the rest of 2019, we maintain a recovery assessment for the overall market. With a positive scenario, the index might approach the price range of 985 - 1000 points. At the same time, movements between stock groups will become more differentiated in the context of the coming quarter.

We think that investors should maintain their holding position. For a high cash-weight portfolio, we can take advantage of the market vibration to accumulate more stocks. Support zone reached 940 - 950 points, the nearest resistance area reached 968 - 973 points, and the next resistance area reached 985 - 1000 points "

Related Article: September Forecast: Stock oscillation to happen

Categories:
Stock Market

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