BSC - Vietnam Daily Monitor 2015.06.08 - Weekly trend_Follow the rally momentum

Summary

Markets indices rallied strongly with increased liquidity in Monday. The market breadth expanded positively.

Meanwhile, foreigners were net sellers for the fourth consecutive session on the HSX while retained net buyers on HNX.

Recommendation

Given the current over optimistic situation, the market might soon face profit-taking pressure when VN-Index approaches 580 points. Therefore, the market may continue the rally momentum to rise tomorrow, then slight correct in the next 2-3 sessions.

Investors should monitor market reaction resistance at 580 points, and consider reducing the stocks weight, especially sharply gained stocks in order to secure profits.