The stock market experienced a strong fluctuation in the last trading week of January 2026 when losing 80 points after the first 3 sessions of the previous week when it rebounded around the important support zone of 1,800 points. Low liquidity recorded shows a prevailing cautious sentiment.
The two good recovery sessions last weekend came at the right time and are very necessary not only to confirm that the stock market is standing firmly above the strong support zone of 1,800 - 1,805 points but also to once again affirm that the market's medium-term upward channel continues to be maintained.
However, the recovery in the last 2 sessions of the week tends to be a short-term technical recovery rather than confirmation of a new upward trend. The spread of cash flow has not been agreed upon, cash flow is still led by large-cap groups such as banks, and industry groups benefiting from macroeconomic factors such as Oil and Gas, Chemicals. However, net selling pressure from foreign investors is still creating resistance, making the index unable to strongly break through psychological resistance zones.
After the adjustment, the decrease in liquidity shows that selling pressure has been absorbed, helping the market regain balance. Especially in the context of the Lunar New Year approaching, the sluggish trading is a cyclical and healthy development.
In this period, the market touching the bottom of adjustment, recovering to the 1.830 mark last weekend and heading up to 1,850 - 1,860 points next week, is proving that the "Uptrend" trend of the market continues to be maintained. The appropriate scenario in the short term is assessed by investors as likely to be the market going sideways accumulating in the range of 1,800 - 1,900 points.
The analysis group of Pinetree Securities Company gave the opinion that, entering the next trading week, the decline in Vingroup stocks has shown signs of slowing down, while the state-owned enterprise group - which led the market in the previous upward wave - is also only under negligible selling pressure, these factors show that the risk of deep decline is gradually narrowing. More notably, bottom-fishing signals have appeared quite clearly in high beta stocks such as Securities and Real Estate.
Therefore, the reasonable scenario for next week is that cash flow continues to spread more strongly in high beta stock groups, helping the market maintain a recovery state. However, the possibility of VN-Index increasing sharply is not high, because although the Vingroup group has temporarily stopped adjusting, it is difficult to form a strong recovery momentum in the short term.
Analysts from DSC Securities Company believe that, in terms of this week's scenario, the first sessions of the week may be positive following the active buying momentum of the previous 2 days of strong increases and may encounter strong fluctuations at the end of the week when reaching the resistance zone of 1,850 points. Investors should limit new purchases, if any, they should only trade with a small proportion of the portfolio because the fluctuations in the current low liquidity environment are relatively unpredictable.
Avoiding chasing buying in stocks that are in high price ranges is a recommendation that VCBS Securities Company experts give to investors in the new week.
It can be seen that after falling to the 1,800 point zone, the VN-Index has had a recovery moment when demand gradually returned, showing that this is an important support level for the market. Although green color somewhat prevailed in the last session of last week, but with liquidity not having a significant improvement, it can be seen that cash flow is differentiating, even stocks in the same group are also differentiating.
VCBS experts recommend that investors closely monitor market movements and maintain holding for stocks with signals of successfully consolidating the price base. In addition, investors should pay attention to avoid chasing purchases for stocks that are in high price ranges to prevent risks of correction when the index is approaching a strong resistance zone around the 1,850 point mark.
