From that chart VN30 goes all time high since January therefore this time to go down. Vietnam is popular contry to longterm investing in Southeast asia because of many factors such as the number of new gen population, GDP growth rate, environment, the rapid of growth consumtion. However, as you see VN30 Chart and RSI indicator interaction show Bearish divergent...
VN30 Weekly Test RE 1067 Ponit
General> VN30 is Downtrend, The market test RE 1067 Point. Daily Chart had green Candel thi is Singal. But We Have to need singal Comfirm the market
Happy Tranding
From the chart, you can see the trendline and resistance line of VN30 which seems to go downtrend. However, It depends on more fundamental factors: economics policy, company's problems, worlds economics trend, which stay for short time.
Trading Diary 20/02/2023
TA: Neutral, far below MA 100 in weekly however it a good signal above MA 100 in short term daily view.
Possibly early state of accumulate phase in WYCKOFF theory. it is my favourite theory.
FA: It will be possibly a slow grow in the near future, if any bad event such FED rate hike, stronger dollar then it will be enough for price to...
Note that I use NEOWAVE as the main tool for this analysis.
VN30 is now displaying a significant reversal.
In a minor TF, VN30 reaches TP 161.8% Fib Extension.
There are two major resistances from 61.8 Fib retracement which are 1145 and 1210.
However, one should also beware of a retracement in a minor timeframe to at least 1015,
since it have reached...
vn30 in downtrend. The best support level 1140 - 940 will have a correction of the tempo and sizeware in the 930-1140 price area before breaking out of the 1140 area, the market will continue to grow again.
Continue the plan to Short VN30
Long-term shorts through January could open at this point.
Short positions should be accompanied by a stop loss - the nearest short term stop loss is 1537.
I joined the bears on the VN30 chart. I believe that with the covid situation and macroeconomic data that will cause the Vietnamese stock market to shake soon, let's wait and see... the bear team has just begun.
At the end of last week, there was a collapse of Vietnamese stocks, which was probably predicted earlier with the supply zone created from the weekly frame. this time the price has re-approached that zone and created a new supply zone within the daily frame, let's wait for the result
