[Market News 09/08/2023] WILL A WIDESPREAD PROFIT-TAKING EFFECT EMERGE?
– Currently, some large-cap stocks still have room to grow, but most of the banking group is reaching its target price range. Selling pressure will emerge, and a bearish wave 4 could form.
– Small-cap stocks have better charts; however, the upward momentum in this group is isolated and has not yet formed a wave (Note that this group typically corrects when the Index is between 1100 – 1200 points).
– For mid-cap stocks, the majority of codes show negative patterns.
– Index forecast for August 9, 2023: Statistics show that the index traded indecisively between gains and losses, with the closing price lower than the opening price.
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SOURCE: AAS RESEARCH
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