- VNINDEX's WINTER IS COMING.
- Hello my subscribers and trading community. I hope that all of you are now good.
- Today, I want to express my idea about Vietnamese stock's index (VNINDEX). I know exactly that you are wondering war's impacts on movement of stock market?. OK, LET"S GO!!!!.
- Let me clarify a problem. I believe that all of you listened to "Fundamental analyst". According to this method, we make our decisions based on entity's business performance and financial ability and may be "RUMOR". But there is a far difference between RUMOR and information issued by entity. Information about entity's performance and financial position is represented in financial statements (balance sheet, income statement and cashflow,..) and these reported are verified by auditors. How about RUMOR ? No one can check its accurate. it appears quickly and also disappears quickly and it just causes impact on stock's price in short-term. My investment philosophy is very simple, based on two rules:
1. Focusing on long-term, ignore movement on short-term.
2. Stock's price only moves up when demand is higher than supply.
- If a company have good business performance results but no one want to buy its stock (demand < supply), its price can not increase. Therefore, when you identify or read any information about your invested stock, please ask yourself "How this information effect on demand and supply (you can you RSI for making your answer) and its impact in LONG-TERM?".DO NOT BELIEVE BLINDLY IN NEWS.
- Because of these reasons, my idea about VNINDEX will be released based on demand and supply analyst.
- Currently, price is trying to overcome local resistance (1536), but failed many times. In Nov, 2021 and Jan 2022, we have two bearish candle stick patterns and the high probability that this week, we will have 3st . It proves that increase momentum is slowing down and price need to adjusted.
- With RSI, we have bearish divergence (supply>demand), it is evidence that price will make an adjustment.
Based on above analysts, there are two situations :
1. Price drop back to 142x, this support can stand and price back to uptrend.
2. 142x can not stand and price will drop to deeper bottom 121x
Either situations. 142x will be key level so that I recommend that wait for price's reaction at this level for next decision.
Feel free give me ur feed back and comments.
- Today, I want to express my idea about Vietnamese stock's index (VNINDEX). I know exactly that you are wondering war's impacts on movement of stock market?. OK, LET"S GO!!!!.
- Let me clarify a problem. I believe that all of you listened to "Fundamental analyst". According to this method, we make our decisions based on entity's business performance and financial ability and may be "RUMOR". But there is a far difference between RUMOR and information issued by entity. Information about entity's performance and financial position is represented in financial statements (balance sheet, income statement and cashflow,..) and these reported are verified by auditors. How about RUMOR ? No one can check its accurate. it appears quickly and also disappears quickly and it just causes impact on stock's price in short-term. My investment philosophy is very simple, based on two rules:
1. Focusing on long-term, ignore movement on short-term.
2. Stock's price only moves up when demand is higher than supply.
- If a company have good business performance results but no one want to buy its stock (demand < supply), its price can not increase. Therefore, when you identify or read any information about your invested stock, please ask yourself "How this information effect on demand and supply (you can you RSI for making your answer) and its impact in LONG-TERM?".DO NOT BELIEVE BLINDLY IN NEWS.
- Because of these reasons, my idea about VNINDEX will be released based on demand and supply analyst.
- Currently, price is trying to overcome local resistance (1536), but failed many times. In Nov, 2021 and Jan 2022, we have two bearish candle stick patterns and the high probability that this week, we will have 3st . It proves that increase momentum is slowing down and price need to adjusted.
- With RSI, we have bearish divergence (supply>demand), it is evidence that price will make an adjustment.
Based on above analysts, there are two situations :
1. Price drop back to 142x, this support can stand and price back to uptrend.
2. 142x can not stand and price will drop to deeper bottom 121x
Either situations. 142x will be key level so that I recommend that wait for price's reaction at this level for next decision.
Feel free give me ur feed back and comments.
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