BSC_Daily report 26.01.2015_FTSE VN ETF is likely to buy in stocks on Tuesday or Wednesday, which will support the market uptrend

The bull seemed to lessen today compared to the “explosion” last Friday. This in our view is quite normal because after completing the Reverse Head and Shoulder pattern the VN-Index can still get a re-test the 580 pts old resistance. Today's cash flow continued to circulate well among groups, stocks while most of the blue chips hold steady around their references. The volume has been narrowed a bit the market breadth was still balanced. In general, the market trend is still positive, and there were no negative signals appeared. Foreigners kept net buying on both exchanges and we forecast the FTSE VN ETF is likely to buy in stocks on Tuesday or Wednesday, which will support the market uptrend. We maintain the bullish expectation for the market, the VN-Index and HNX-Index can reach 600-605 points and 88-90 points, respectively.

Recommendation

Based on the analysis above, we advise investment view as follows:

• Short-term investment activity: Increase the stock ratio during the support re-testing.

• Mid and long term: Continue accumulating shares with good fundamentals.