Because yesterday was the last day for those who want to sell out and collect for T + 3 cash before the Tet holiday, the weaker selling force today has created a favorable conditions for the market to go up. The wide spreading of cash flow to various stocks and sectors will help the market keep a better balance and improve investors’ sentiment; however, we do not expect too much on a breakthrough in the next days when market liquidity remains low and the information will be quite “empty” before and after the Tet holiday.
Recommendation
• Short-term: Investors should consider selling at resistance.
• Mid and long-term: Focus on the good fundamental stocks, continue accumulating in declined days.
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