Market Report Week 45 - Searching for a new equilibrium


Key Highlights:

The National Assembly agreed to set a target GDP growth rate of 6-6.5% in 2024. Average consumer price index (CPI) growth rate is 4.0-4.5%

Technical view: VNINDEX continued its second consecutive week of recovery, closing at 1101.6 points (+24.9 points, +2.31%) with improved liquidity. The STOCH indicator crossed the signal line at the 20 region, indicating that the market has been discounted quite a bit in recent times and the decline has slowed. The market is likely to fluctuate in accumulation in the 1020-1100 range for a while to be able to fully break through the resistance zone of 1100 corresponding to the 200-day moving average. Currently, the market wave structure is still in the decline phase when the subsequent peak and bottom are still lower than the previous peak and bottom.

Investment Ideas: Overall, there are still opportunities for short-term trading, but there is a significant differentiation between many sectors and the risk of loss is high. Investors should participate with a low proportion with stocks that have sufficient accumulation.

  • Movement of cash flows and capital flows
  • Top stocks worth noting
  • Macro data
Hoang Nam

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