MARKET INSIGHTS_14032024
14/03/2024
SUMMARY OF SOME KEY POINTS IN THE REPORTTheoretically, O'Neil has a rule for supplementary buy points when a stock pulls back to the 10-week MA after breaking out of its first base, from the 1st to 3rd occurrence. That is, if the stock pulls back 1-3 times from the first base, a supplementary buy can be made when the stock bounces strongly off the 10-week MA with large volume. In this case, there will be 2 scenarios: (a) A strong Shake-out occurs to flush out a large amount of clinging supply back to the 10-week MA, after which money flows into the stock, catching investors off guard. (b) Flat base trading requires 1-2 weeks of accumulation before breaking out. According to quantitative statistics, with today's pattern, in the next trading session, the VN-Index has a 51% probability of declining and a 53.84% probability of the closing price being higher than the opening price. Based on statistics, the index traded down with the closing price higher than the opening price on Friday's trading session. Resistance is 1,300 points. Support is 1,210 points.Investors can download the full report via the following link:
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