Market to enter "Low zone" ahead of Lunar New Year as risk factors emerge - News Summed Up

Market to enter "Low zone" ahead of Lunar New Year as risk factors emerge


HÀ NỘI — The stock market is poised to enter a phase of limited supportive information leading up to the 2024 Lunar New Year, with several emerging risk factors that could impact the overall market trend. With the continued presence of supply, a correction in the next trading session is possible, but the extent of the correction may not be significant. Additionally, cash flow is expected to increase and provide support when the market retreats to lower price levels. Therefore, it is advisable for investors to closely monitor the movements of cash flow that support the market. In the short term, it is recommended to capitalise on market upswings to take profits on stocks that have reached resistance levels.


Source: Viet Nam News January 15, 2024 01:35 UTC



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