BSC - Vietnam Daily Monitor 2015.11.13 - Hard to break 615 pts

Summary

VNM and FPT led the market to rise sharply in today afternoon trading session. However, foreign investors continued selling strongly on the HSX.

Recommendation

The support level of 600 points is quite solid, and VN-Index will not easily fall below this level. But VN-Index will face with old peak of 615 points, which is also a strong resistance. If the leading stocks weaken, the more likely the market will not be soon overcome this resistance. Risk-seeking investors can take position in the down sessions and quickly take profit when the VN-Index is approaching the resistance of 615 points.