VNIndex: Ngắn hạn, thời cơ mua vào.

VnIndex: Short term, the time of purchase.


Posted on: 30-07-2010 07:46Folder: Analysis, Vietnam's stock market predictions

In the long term trend, after the strong price increases in early 2009 to the end of the year just happened VnIndex trend adjustment, this adjustment was over 430 point milestone at a rate corresponding to 50% Fibonacci Retracement . But since early in 2010 so far back VnIndex index varies around 480-540 points bracket narrow with daily trading volume is relatively stable at 46 million shares, this is considered force investors participate in daily trading is predominant, buy and sell cash flow is circulated in the market with relatively high frequency compared to the bleak period in the previous period.

Seven months showed that demand forces prevailed completely when the price touched 480 VnIndex points corresponding to 38.2% Fibonacci Retracement rate, so 480 points is the strong level of support now and in the 540 back at closing as a resistance

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Attractive when the stock short in the low price makes the transaction positively, besides the supply of stocks in the index VnIndex close to the strong price support is almost 480 points more , precisely because of this that selling pressure has been depleted, and to force the bridge would have prevailed, then disbelief, or the pessimistic investors will eventually lose.Thus, price increases and will definitely buy signal more clearly.

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Price trend is currently located in a channel value is determined as shown, the sure sign of purchase is emitted when the Stochastic Oscillator indicator for buy signal when it cut line 20 after a certain period it is in the area the sale (oversold). Thus, the recovery in the short term there are many positive elements to form, be sure to sign our purchase is expected to appear in the session ends in July this more tedious.

Trinh Phat​

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