? [Market News 31/10/2023] THE PROCESS OF BOTTOMING IS A PSYCHOLOGICAL TORTURE PROCESS FOR INVESTORS
%20500x320_Zalo%20Cover%20OA%20_LIte_31102023.jpg "? [Market News 31/10/2023] THE PROCESS OF BOTTOMING IS A PSYCHOLOGICAL TORTURE PROCESS FOR INVESTORS 1")
Some important notes:
– Support is 1,020 points – This is the target price zone for the 5th bearish wave according to the Elliott wave model.
– Unusual bullish/bearish patterns like the current one often appear at the bottom. The most positive point now is that when reaching the support zone, investors are no longer eagerly searching for the bottom and constantly changing price targets. Additionally, the compensatory decline of SSI and the securities group is gradually bringing this group back to a more reasonable valuation, which is also a good sign.
– Index forecast for October 31, 2023: Statistics show that the index traded without a clear increase or decrease, with the closing price lower than the opening price.
SOURCE: AAS RESEARCH
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