Weekly Outlook for April 13–17: Avoid chasing gains

The VN-Index rose about 4% for the week to around 1,750 points, but several securities firms said the market still faces resistance, urging investors to limit chasing buys and instead allocate funds during pullbacks.

Main trend remains sideways

The VN-Index closed the week at 1,750.04 points, up 65.9 points (3.92%), with liquidity above average. Shinhan Vietnam Securities (SSV) said the medium-to-long-term trend remains range-bound between 1,600 and 1,800. In the near term, SSV expects the index to move toward 1,800-1,850, the upper boundary of the current trading range.

SSV also advised investors to avoid chasing buys while the market has not broken out of consolidation. Cash flow currently favors domestically driven groups such as public investment, banks, and construction materials. The real estate sector is showing early signs of money returning after a deep discount phase, while brokerage stocks continue to benefit from an upgrading narrative.

Phú Hưng Securities: cautious allocations, avoid chasing

Phú Hưng Securities (PHS) said the VN-Index formed a Gravestone Doji, indicating selling pressure returning near the MA50 around 1,755. However, liquidity remains above the 20-day average, suggesting money is not leaving the market.

PHS noted that MACD and RSI are still rising, so the base scenario is continued consolidation in the 1,730-1,760 range to build a foundation toward 1,800. Near support is 1,690-1,700. PHS recommended deploying with a “nibble-sized” allocation, favoring pullbacks within the session. It also highlighted geopolitical tensions as a key factor to monitor, while pointing to banks, consumer, public investment, and real estate as sectors to watch.

VPBank Securities: wait for confirmation above 1,750

VPBank Securities (VPBankS) said RSI has moved above 50 and Bollinger Bands are widening, supporting market psychology. Still, the VN-Index faces resistance at the MA50.

VPBankS added that if the index clears 1,750 on higher-than-expected liquidity, short-term targets could extend to 1,820-1,850. It recommended buying on pullbacks and focusing on fundamentally strong stocks with expectations of solid Q1 results.

Thiên Việt Securities: watch 1,700-1,710

Thiên Việt Securities (TVS) remained cautious, noting the VN-Index closed below MA50 and MA100. TVS said selling pressure near these levels remains heavy, suggesting the index could revert to the 1,700-1,710 area.

TVS advised maintaining a safe allocation and monitoring reactions around support. It said a VN-Index close above MA100 with confirmation of an uptrend would be a safer short-term entry signal.

VCBS: possible early-week wobble, focus on momentum

Vietnam Bank for Investment & Securities (VCBS) said RSI is hovering near 50 and MACD has not crossed zero, so the market may wobble for 1-2 sessions early in the week. VCBS added that the VN-Index is approaching the Ichimoku cloud’s waist area, with expectations for a breakout after testing momentum near 1,750.

VCBS also reported that liquidity rose 5.3% versus last week, with money rotating positively and foreign buying returning, reinforcing momentum. It recommended holding stocks in an uptrend and considering incremental buys on dips in names with solid price bases and positive Q1 results.

ASEAN Securities: capitalize on volatility

ASEAN Securities (Aseansc) said the VN-Index formed a green Marubozu week with modestly improved liquidity, indicating more positive sentiment. It expected the index to resume a near-term rally, with support around 1,700 and resistance at 1,800.

Aseansc recommended deploying gradually on pullbacks, prioritizing names in the short-term uptrend such as real estate, banks, brokerage, and retail.

BSC: base building around 1,750

BIDV Securities (BSC) said the VN-Index oscillated in the 1,745-1,765 range before closing at 1,750. BSC reported positive breadth with 11/18 sectors higher, led by energy, followed by communications and chemicals.

On flows, BSC said foreign investors bought on HOSE and HNX while selling modestly on UPCoM. It concluded that the market is building a base around 1,750.

Vikki Bank Securities: monitor money flows at resistance

Vikki Bank Securities (VikkiBankS) assessed that the market is testing the 1,750 resistance as sentiment remains cautious amid geopolitical tensions. It recommended reviewing portfolios, monitoring money-flow rotation, and favoring stocks with solid fundamentals for Q2 2026.