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VinHomes (VHM)- Long runVinHomes (VHM) stock has entered Phase C of the accumulation process, indicating a pivotal moment in the Wyckoff method. This phase is crucial as it often precedes a shift towards a renewed uptrend. During Phase C, investors might observe signs of strength as the stock begins to assert its readiness to move out of the consolidation zone. This stage is characterized by a test of support levels, without new lows being made, suggesting that selling pressure is diminishing and demand is starting to dominate. For traders and investors following the Wyckoff method, this transition signals an opportune moment to consider positions in anticipation of the next growth phase. It's a time when the market forces align, showcasing the potential for VHM to embark on an upward trajectory as it moves into the markup phase.
HOSE:VHMLong
by ADSV11
HOSE-MSN-BUY for Long-term 2024According to technical analysis: Based on DMI indicator, the negative indicator line is getting very close to the positive indicator line. And based on MACD indicator, the level line cross histogram. We predict that the time these two lines intersect will fall in June or July 2024. Thus, after closing the June or July 2024 frame candle, there is a high possibility that MSN price will return to the VND 80.x range from the current price of VND 74.x.
HOSE:MSNLong
by ThaoVuDuc
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MBB Stock: Potential Long-Term Accumulation OpportunityBased on the monthly chart, MBB appears to be in an attractive position for long-term accumulation. The crucial zone is the untested demand area, which will also serve as the handle for the legendary cup-and-handle pattern. Since the price encountered supply pressure at the peak of Elliott wave 3, and the monthly candle closed as a doji with bearish confirmation, a correction to the Demand zone around 19k (highlighted in blue) is highly probable before continuing the upward trend to complete the final Elliott wave 5. Afterward, we should wait for the formation of an Elliott wave ABC corrective pattern and then re-evaluate the potential for new buying opportunities.
HOSE:MBBLong
by TieuLongFX
Long-term buying opportunity for valuable and growth stock VPBBy examining the monthly chart of VPB stock, we can observe a pattern resembling a "cup and handle" formation, albeit with a significant downward movement prior to this pattern. This deviation from the textbook "cup and handle" could potentially classify it as a "double bottom" formation. However, considering the market's turmoil during the COVID-19 pandemic, the widespread sell-off, and VPB's relatively recent IPO, investor confidence might have been initially low. Nevertheless, a remarkable recovery ensued, culminating in a textbook Elliott wave 3 surge. Currently, the stock appears to be in the "handle" phase of the cup and handle formation. Based on the two previous peaks, a parallel price channel can be drawn, suggesting that the bottom of the ABC corrective wave could lie around the "Handle & Parallel Channel" zone marked at 16.6k. Alternatively, following the principles of supply and demand, the bottom of wave 4 or the conclusion of wave ABC could reside within the highlighted demand zone around 12.2k. This zone also coincides with a previous break below the "cup" level, which subsequently formed a second "double bottom" pattern and continued its upward trend with a bullish flag formation. As market participants, we should closely monitor the price action around these support zones and await clear signals before entering the market.
HOSE:VPBLong
by TieuLongFX
Long-term opportunity to buy value and growth stocks in VinamilkBased on the monthly chart, Vinamilk has been forming a bearish Elliott wave 5 for many years now. The current position is supported by the demand zone I've marked in blue (second from the bottom), but there is no support from the rising trendline yet. Therefore, the market is likely to continue its decline in the near future to level 5 before embarking on a new growth cycle. The 45-52k zone presents a good opportunity to accumulate long-term holdings before breaking out of the untested supply zone I've marked in blue at the top, around 136-150k. Once the peak is reached, I will analyze the new Elliott wave pattern for you. Stay tuned!
HOSE:VNMLong
by TieuLongFX
ACB Bank: A Powerhouse for Value and Growth Investors?Historical Analysis Suggests a Potential Breakout and Long-Term Accumulation Opportunity in ACB Stock Examining ACB's historical monthly chart reveals a pattern of successful breakout from cup formations on two occasions. Based on this historical trend, a similar scenario is anticipated for the current third cup formation. Following the recent breakout, ACB is currently undergoing a correction phase, retracing towards two critical support zones highlighted in blue around the 15-24k range. These support zones present a compelling opportunity for long-term accumulation, aligning with the completion of Elliott wave 5 and preceding a potential corrective wave following ACB's target achievement.
HOSE:ACBLong
by TieuLongFX
TCB: A Deep Dive into Value & Growth OpportunitiesLooking at the monthly chart, we can see that cup 1 broke out but failed to reach its target before retesting the support zone (colored blue at the bottom) and the broken bearish channel. Continuing this time, it is forming a cup 2 similar to cup 1 before that but is blocked by the resistance of the supply zone (colored blue at the top), so the possibility of ending this month is a hanging man candlestick pattern. In this case, there is a high probability of a correction to the support zone (colored blue in the middle) and the broken bearish channel. We will wait to accumulate around 27-35k. If it does not correct next month but continues to break through the old top and reach the 3rd peak of the Elliott wave, we will look for a buying point at the breakout top around 60k.
HOSE:TCBLong
by TieuLongFX