MARKET INSIGHTS_14032024

SUMMARY OF SOME KEY POINTS IN THE REPORT

Theoretically, O’Neil has a rule for additional buy points when a stock pulls back to the 10-week MA after breaking out of a base 1 for the 1st to 3rd time. This means if a stock pulls back 1-3 times from base 1, additional purchases 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 to clear 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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