What about this ?
We see shoulder head shoulder and we are not support from buyer raw volume, and big volume accumulation from the head, so what about VCB move to the past support 65900 vnđ!
HOSE:VCB recover after a big red candle.
Sell latest position, just in case.
Note: sometime, I changed my strategy settings, price chart plot might differ in a new post.
With VCB 0.5 or 0.618 Fibonacci retracement is forming, I expect price has a good recover to lower band (green line) above from current price (0.5 level) or a little bit lower (0.618 level). We can wait for a lower band breakout then buy and sell at upper band as long as sideways strategy bias still active.
Beware both of market-risk sentiment lines are in purple...
Trading diary 30/3/2023
60 years old bank
Government 74.8%
Mizuho Bank Limited 15%
Profit margin growing
P/E 14.6
P/B 3.2
Debt growing
Customer Deposit growing
Will price grow at 6-7% average? it seems possible over period of 10 years. However at current price 92 000 vnd is not attractive enough for most "value investor", this bold stock can be...
Hey traders,
After Covid has appeared since Mar 2020 in Vietnam, the market stock was slipped the same others over the world. However, everything has been okay and currently come back better than it was.
Looking back at the growth over the past year, the banking stock interest from 60 to 550%.
The prominent stock is the VIB has grown more than 550%....
