Avoid buying when the market recovers

Investment comments

KB Securities (KBSV) : With the downtrend still playing a dominant role, VN-Index will likely soon face correction pressure and fall back to the next support zones, near around 1,065 points and deeper at 1,000 points.

After selling down to a safe level at the resistance zone around 1,140 points, investors are recommended to avoid chasing buys in early recovery sessions, only placing orders to reopen short-term positions partially around deep support zones.

Asean Securities (Aseansc) : In the period of lack of incentives to attract cash flow, the trend slows down and the supply and demand balance remains low.

The index is likely to continue to narrow and move sideways around 1,100 points and create a balance zone to move towards a higher resistance zone (1,160 points). Investors should be cautious and watch for clear confirmation from the market.

Dong A Securities (DAS) : VN-Index is at the 1,100 point support area, still maintaining a medium-term uptrend since recovering from the bottom. If the demand is stable, it can return to the 1,160 area in the coming weeks. The correction phase can bring opportunities for short-term investors when the market reacts positively to the VN-Index support area of ​​1,100 points.

Medium-term investors take advantage of correction sessions to disburse and increase their positions in groups of stocks that benefit from public investment, banks, and industrial park real estate.

Stock news

- India, the world's top rice exporter, is expected to maintain restrictions on rice exports into next year. India banned rice exports to control rising domestic prices and protect consumers. However, if the ban is prolonged, world rice prices will continue to be at their highest level since 2008.

- Global public debt reached a record high in the third quarter of 2023, reaching 307.4 trillion USD, with the public debt-to-GDP ratio in emerging economies also at an all-time high. A report on November 16 by the Institute of International Finance (IIF) estimated that global debt will reach 310 trillion USD by the end of this year, an increase of 25% in 5 years.

About 65% of the debt increase in the last quarter was concentrated in developed economies, led by the US, Japan, France, and the UK. Emerging markets China, India, Brazil, and Mexico also recorded strong increases .

Source: https://www.nguoiduatin.vn/lang-kinh-chung-khoan-2111-tranh-mua-duoi-khi-thi-truong-hoi-phuc-a636855.html