Profit taking pressure stops?

(NLDO) - In the stock market session on November 28, the selling pressure to take profits cooled down. Investors expect this signal to stop in the next session.

At the end of the session on November 28, the VN-Index closed at 1,242, up slightly by 0.1 points, equivalent to 0.01%.

After hesitant buying and selling signals in the previous session, Vietnamese stocks opened on November 28 with excited demand and widespread green.

However, after peaking in the first 60 minutes of trading, the increase gradually narrowed as selling pressure reappeared.

Continuing this trend, the general index maintained a tug-of-war near the reference level in the afternoon session. However, active selling liquidity did not fluctuate unexpectedly.

The selling pressure during the session was mainly focused on VHM shares. As a result, the market was somewhat balanced. Investors expect the pressure to take profits on stocks to stop in the next session.

At the end of the session, the VN-Index closed at 1,242, up slightly by 0.1 points, equivalent to 0.01%.

With the above developments, some securities companies predict that the VN-Index will increase and decrease points alternately in the 1,240 point area before heading up to the 1,270 point area.

"The market is testing the resistance zone of 1,240 points as investors limit disbursement and reduce the level of stock profit-taking. Stock "players" can take advantage of the fluctuations in each session to consider disbursing stocks that attract cash flow, belonging to the banking, retail, and technology groups..." - VCBS Securities Company commented and recommended.

Source: https://nld.com.vn/chung-khoan-ngay-mai-29-11-ap-luc-chot-loi-dung-lai-196241128172302356.htm