The correction does not affect the stock market's growth momentum.

Last weekend, VN-Index fluctuated and ended in red, but only slightly decreased. Overall, the index decreased by 0.4% for the week, closing at 1,172.55 points, marking the second week of decline after VN-Index surpassed the resistance zone of 1,160 - 1,170 points.

The average trading value of VN-Index and large and mid-cap groups was maintained. Individual investors and foreign investors continued to net buy and circulate cash flows across many sectors. Although some pillar stocks have created support, VN-Index is likely to soon face challenges at the lower limit of the resistance zone of 1,185 (+/-10) points and this is still a difficult barrier to overcome in the short term.

VN-Index is in an important psychological testing trading phase before Tet holiday, profit-taking pressure appears widely, especially in stocks that have increased a lot in recent times such as banks. However, when the game is still in the hands of institutional investors and traders, the possibility of a shocking market decline is very unlikely. Statistics in January 2024, the group of institutional investors and traders net bought 380 billion VND and 1,662 billion VND respectively, while the group of individual and foreign investors net sold 1,343 billion VND and 698 billion VND respectively.

The trading performance of the adjustment sessions last week also showed the excitement and rapid turnover of cash flow. It can be said that investors did not leave the market, but only moved from one group to another. Therefore, experts are still optimistic about the market's growth.

Experts from SHS Securities Company commented that, from a short-term perspective, the market is in the first uptrend to move within a wide accumulation channel, VN-Index is approaching the short-term psychological resistance of 1,200 and has adjusted again.

The slight decline last weekend did not have much impact on short-term movements and still has the value of minimizing the possibility that VN-Index will correct further to test the support level of 1,150 points.

With a positive view, SHS experts believe that the short-term movement of VN-Index will move towards the psychological resistance zone of 1,200 points.

Experts from Yuanta Vietnam Securities Company also believe that the market will likely continue to increase in the coming trading week and the VN-Index may retest the resistance level of 1,183 points in the coming sessions.

At the same time, the market is still in a short-term accumulation phase, so the differentiation between stock groups may continue in the next trading week, the Midcaps group may continue to attract short-term cash flow.

In addition, the short-term sentiment indicator continues to move sideways, showing that investors are still cautious with current market developments, mainly groups of stocks with mixed movements, which also means that there are no signs of cash flow withdrawing from the market.

Experts recommend that investors consider taking partial profits on stocks that have reached resistance and are showing signs of weakness. Patiently wait for the opportunity to disburse again in sessions with large fluctuations instead of continuing to increase the proportion and chasing stocks at the present time.

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