Find opportunities in the accumulation phase of the stock market

The stock market is still trying to balance and regain momentum as it tries to maintain an uptrend with a small amplitude. With the support of large-cap stocks, the VN-Index has shown a recovery reaction. However, the supply pressure is still relatively large and pillar stocks can only help maintain the rhythm of the index. Therefore, the risk of the index reversing is somewhat more dominant when the VN-Index approaches the resistance zones again.

From a technical perspective, after breaking through the 1,300-point threshold in previous sessions, the increased selling pressure is understandable, especially when the breakthrough is not really drastic, causing investors to be apprehensive and take profits. The recorded improved liquidity shows that bottom-fishing demand is participating, but is still cautious in the face of profit-taking pressure.

The market sentiment is improving as fluctuations in exchange rates, gold prices, interest rates and international inter-market factors are moving towards stability and recovery, which will support short-term transactions. Expectations of a gradual interest rate cut combined with the gradual recovery of businesses based on a solid fundamental foundation are consolidating purchases and accumulation in the medium and long term. Therefore, investors are very hopeful about the possibility of the market soon conquering the 1,300 point mark.

Experts assess that the fluctuations may continue to cause the index to test the strong support zone of 1,250 - 1,270 points. In a positive scenario, if the market shows signs of maintaining this support zone, it will open up expectations for the movement of the general market index to return to conquer the resistance level of 1,300 points.

However, the derivatives maturity factor can make short-term market movements more interesting and unpredictable, especially when the number of overnight open contracts is high, which often creates "shakes" in the VN30 index and directly affects short-term transactions, especially in the underlying market.

However, quantitative indicators have not confirmed the risk of a negative trend change. Cash flow still favors small and medium-cap stocks, creating investment opportunities such as technology, telecommunications, export, retail, transportation, warehouse, seaport stocks, etc. Accordingly, short-term transactions can still operate and the corrections and fluctuations in the derivative expiration week will open up opportunities for cumulative buying of target stocks.

Experts from Yuanta Securities Company commented that the market may continue to increase in the following sessions. At the same time, the market is still in a short-term accumulation phase, so the market may continue to move sideways around the current level in the coming trading sessions. The positive point is that the cash flow is returning to the VN30 group of stocks, but this trend is not clear and needs to be confirmed in the next few sessions. In addition, growth stocks continue to increase and are not ready to return to the large-cap group when foreign selling pressure is still high.

In the current period, experts also recommend that investors should be cautious and consider carefully before making trading decisions. Large stocks are playing a leading role in the market, helping VN-Index maintain its upward momentum. However, selling pressure from foreign investors is still a concern, leading to potential risks in the market. Investors should manage risks carefully and maintain a reasonable cash ratio to help investors easily seize opportunities when the market has a correction.

Source: https://laodong.vn/tien-te-dau-tu/tim-co-hoi-trong-giai-doan-tich-luy-cua-thi-truong-chung-khoan-1355760.ldo