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kidze
Oct 8, 2021 5:01 PM

$VNM $VNINDEX $VN30 VCP pattern Long

Vietnam IndexHOSE

Description

Vietnamese stock indexes are making 3 cups. Those following Mark Minervini might call this VCP - Volatility Contraction Pattern. Vietnamese economy is making progress towards reopening, the stock market might benefit.

The final cup provides a clear and small stop loss level. Traders can trade VNM to take advantage of the pattern. Price did not necessarily produce confirmation yet so conservative traders can wait for a better entry.
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