We have a 10-year trend solidifying at 820-850. A good position to buy would be the triangle at 900-920.
The short position opens soon as approaching the hard resistance of the upper short-term downtrend.
Entry short: Around the current price of VNIndex
Target short: 920 VNIndex
Entry for long-term hold: 920-950
VNIndex is getting close to the 10-year trend's bottom.
Due to the situation of force-selling pressure of many companies whose securities & bonds can't be distributed & sold. The bottom could hit hard like the black swan covid 2020
820 is the bottom of TA. 750 is the bottom of the macro situation analysis.
HELLO GUYS THIS MY IDEA 💡ABOUT VNINDEX is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the buyers from this area will be defend this LONG position..
and when the price come back to this area, strong buyers will be push up the market again..
UP TREND + Resistance from the past + Strong volume area is my mainly reason...
South East Asia Emerging market :Vietnam
Sign of uptrend holding
-Candlesticks moving above MA200. Challenged MA200 and continue moving above it (circled)
-Uptrend Line B 1:1 Fib extension of uptrend line A, similar magnitude within a shorter period of time(represented b the dotted line)
-Retracement R1 which from Higher Low (HL) : Retrace 0.618 fib of Line A....
Long TH1
Entry 1: 5.4; Entry 2: 4.4; Entry 3: 3.4
Exit:2.4
Target 1: 15.5; Target 2: 23.0; Target 3:35.0
Signal
+ Classic bullish divergence in 03 time frames: daily (May 21); weekly (from May 17 - May 21); monthly (May 11 - May 21)
+ Some heavy volume bars in May 21 stopped price drop lower and push price above MA26.
The relatively small economy is one of the "big" Southeast Asian states in terms of economic growth. The gross domestic product of the Asian developing countries was $ 216 billion in 2017 and is expected to grow by 6.5 percent in 2018.
Despite an authoritarian communist regime, the market is considered open, privatization of state-owned enterprises is progressing...
Hello everyone, if you like the idea, do not forget to support with a like and follow.
Here is the top-down analysis for VIETNAM INDEX, feel free to request any pair/instrument or ask any questions in the comment section below.
Best of luck!
Weekly: We have 3 MA sloping down in a sequence. Price touch 18EMA and was rejected.
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Daily: Price formed a hammer candlestick and bounce from the parallel channel.
There are 2 scenarios here:
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