BSC - Vietnam Daily Monitor 2015.11.16 - Wait for the reaction at 615

Summary

The index started the week with a slight decline. The market breadth weakened. VNM today has increased significantly, though it did not help the market closed in the green. Foreign investors remained net sellers on the HSX, while return buying on HNX.

Recommendation

The accumulation and mitigation will persist in the next session. The stock market is currently lack of support information. As the large cap do not have enough thrust, VN-Index will continue to revolve around 600-615 points. Risk-seeking investors can take position in the down sessions or when VN-Index drop to 595 - 600 point, then quickly take profit when the VN-Index is approaching the resistance of 615 points.

Stock recommendations

Short-term portfolio: Buy CEO

CANSLIM portfolio: Take profit DHC, FPT, HT1 and NTL; cut loss HHS. Buy NTP, VSC and RDP.