Upward resistance zone 1,135 points

Investment Comments

Vietcombank Securities (VCBS) : From a technical perspective, almost all indicators on both daily and hourly charts are still showing positive signals, along with liquidity continuing to improve, showing investors' expectations for the market in the short term. With the current developments, there is a high probability that the VN-Index will soon surpass the 1,130 point area to head towards the 1,140 - 1,160 point area.

VCBS recommends that investors can increase the proportion of stocks available in their accounts in industries that are attracting cash flow such as securities, real estate, banking or buy new stocks that are showing signs of breaking above the resistance zone.

Yuanta Securities : The market may continue to increase in the session of December 7 and the VN-Index may retest the resistance level of 1,133 points. At the same time, the market is still in the short-term accumulation phase, so the cash flow may be differentiated between groups of stocks.

Yuanta expects cash flow to mainly concentrate on mid- and small-cap stocks. In addition, the short-term sentiment indicator continues to rise, but the short-term sentiment indicator is still in an unclear trend stage.

Asean Securities (Aseansc) : Although foreign selling pressure is still present, the market is expected to move towards the resistance zone near 1,130 - 1,135 points and further to 1,140 - 1,145 points in the upcoming sessions.

Therefore, Aseansc recommends that investors continue to accumulate stocks with large cash flows and are forecast to have positive business results in the fourth quarter, and consider increasing the proportion of stocks in the portfolio to 70%.

Stock news

- The Fed is “out of touch” with reality and will have to cut interest rates 5 times in 2024. The US Federal Reserve (Fed) will need to cut interest rates at least 5 times in 2024, according to the forecast of fund manager Paul Gambles. Sharing in an interview with CNBC, Mr. Gambles, co-founder and manager at MBBMG Group, said that the Fed is slow to cut interest rates and to avoid creating an extreme monetary tightening cycle, they will have to cut interest rates at least 5 times in 2024.

- Moody's warns of negative outlook for global banking in 2024. International credit rating agency Moody's warns that global banks face a negative outlook in 2024 due to a slowing global economy and increased customer default risks. Going into 2024, global banks face a difficult operating environment, including rising bad debt, the Israel-Hamas conflict, as well as major challenges related to credit products .

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