BSC_Weekly report 02.02-06.02.2015_The market is likely to react in the next week after hitting its resistance around 575-580 pts_DHC, PVS and BID Updates

The market has been more active today when outside the bank stocks’ rally; there were also incipient signs of spreading effect on other stocks. After 03 days of recovery, the VN-Index has filled its long red candle on Tuesday (Feb/03), however this fact is not really convincing because mainly due to the bank group (almost regained all the losses) while other stocks have not recovered clearly. The liquidity has been gradually cut down each day can be considered as negative signal and therefore it should not be concluded that the market has escape its short term downward trend. In addition, the next week before Tet can bear some pressure from a part of investors wishing to sell out to collect money before the New Year (which most likely to happen next Tuesday).

Recommendations

We believe that the market is likely to react in the next week after hitting its resistance around 575-580 pts. Investors should consider selling at resistance and keep the stock portfolio at a safe ratio.