I write to hope someone can read it and please dont catch the knife falling at about 970 - 950.
The market players are still very optimistic, many holders are still their long dca campaign so it is not the bottom yet.
In the near future, the question of 800 billion bonds issued is due and not paid, what will the issuers (mostly banks) do?
Don't be too optimistic...
BBMA just experienced a weak double top pattern, because the measuring force started from the unbroken candlestick.
VNindex has crossed up the upper band of the Moving Average, showing that the uptrend has begun. Target at points:
- SMA20 of Bollinger Bands (1164),
- MA50 (1195),
- Or Upper Band of Bollinger Bands (1237)
Masan Group, often referred to by its stock ticker symbol MSR, is a prominent Vietnamese conglomerate with diversified interests across various sectors. Founded in 2004, the company has its headquarters in Ho Chi Minh City, Vietnam. Masan Group operates in the following key areas:
Consumer Goods: Masan Consumer Holdings, a subsidiary of Masan Group, is a major...
My thoughts on Vnindex.
Be caution on the correction may be on the way.
The index can move up to 1300, another high will be suprised idea.
After the tide washes away, be careful with your position.
Enjoy.
Ho Chi Minh Stock Exchange (HOSE), formerly known as HCM Securities Trading Center, is a stock exchange in Ho Chi Minh City, Vietnam. It was established in 1998 under Decision No. 127/1998/QD-TTg of the Prime Minister of Vietnam. HCM Securities Trading Center officially opened on July 20, 2000, and had its first trading session on July 28, 2000, with two listed...
Vnindex.
Ho Chi Minh Stock Exchange (HOSE), formerly known as HCM Securities Trading Center, is a stock exchange in Ho Chi Minh City, Vietnam. It was established in 1998 under Decision No. 127/1998/QD-TTg of the Prime Minister of Vietnam. HCM Securities Trading Center officially opened on July 20, 2000, and had its first trading session on July 28, 2000, with two...
VNINDEX has shown a solid bearish trend, which opens a short opportunity with potential targets for the short position of 1156 or 1138, where the bearish trend is expected to end and reverse. After reaching these levels, VNINDEX could bounce back to 1205 and form a consolidation range between 1156 and 1205.
Oil price is reduced, then Gold is going down from All time high.
The VND interest rate decrease consecutively, creat good condition for recovery VNINDEX.
VNINDEX can be go up to Resistance 1300.
