MARKET INSIGHTS_15032024

SUMMARY OF SOME KEY POINTS IN THE REPORT

According to O’Neil’s theory, there is a rule for supplementary buy points when a stock pulls back to the 10-week MA after breaking out of base 1 for the 1st to 3rd time. This means if a stock pulls back 1-3 times from base 1, a supplementary buy can be made when the stock bounces strongly off the 10-week MA with high volume. In this case, there will be 2 scenarios: (a) A strong shake-out occurs to flush out a large number of clinging supply to the 10-week MA, after which money flows into the stock, catching investors off guard. (b) A flat base pattern requires 1-2 weeks of accumulation before breaking out.

The real estate group is showing good trading signals such as DIG, HDC… We note that in these 2 weeks, real estate transactions are showing a sudden increase in the market.

According to quantitative statistics, with today’s pattern, in the next trading session, VN-Index has a 51% probability of increasing and a 34.78% probability of the closing price being higher than the opening price. Based on statistics, the index traded up with the closing price lower than the opening price on Monday’s trading session. The trend of sideways trading around resistance and support will continue with differentiation and the breadth of new highs may continue to increase. Resistance is 1,300 points. Support is 1,210 points.

Investors can download the full report via the following link:

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