[Market News 22/04/2024] A COUNTER-TREND RECOVERY WAVE WILL EMERGE WHEN THE MARKET ENTERS THE OVERSOLD REGION
![[Market News 22/04/2024] A COUNTER-TREND RECOVERY WAVE WILL EMERGE WHEN THE MARKET ENTERS THE OVERSOLD REGION 1](/Content/Upload/images/(3)%20500x320_Zalo%20Cover%20OA%20_LIte_22042024.png)
Some important notes:
– From a cycle perspective, as this is the first primary cycle, the market only declines by less than 10% in 2-5 weeks. From the peak until now, we have adjusted approximately 10%. We believe we are approaching the bottom area of the downward adjustment cycle.
– According to the Elliott Wave model, the VN-Index is currently in the support area at the edge of wave 4’s bottom, and we expect the bottoming process to form in this area.
– We note that a bottom is a process, not a single trading session. Therefore, it is common to see the market drop to the target price range and then fluctuate back and forth.
– Index forecast for April 22, 2024: Statistics show the index will increase.
– Recommended buy codes: GEX, CTG, BID.
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SOURCE: AAS RESEARCH
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