[Market News 24/11/2023] THE MARKET-SLAUGHTERING ATC SELLING PHENOMENON RE-EMERGES, CAUSING INVESTORS TO PANIC
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Some important notes:
– Support remains support until it is broken (Currently, the market is still within a trading range with resistance at 1,134 – 1,138 points, a level we believe cannot be conquered in 2 – 3 weeks, and support below 1,080 points).
– If the VN-Index breaks below 1,080 points, the most likely scenario is still a double bottom pattern. Therefore, fundamentally, this is a strong support area, and investors do not need to worry too much.
– Index forecast for November 24, 2023: Statistics show the market is undergoing a downward correction. Strong support will be in the 1,062 – 1,080 range.
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SOURCE: AAS RESEARCH
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