VN30F1M Short SetupTitle: "Unlock Profits with Precision: Introducing "
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🛑 Stop Loss (SL): 1151
🎯 Take Profit (TP): 1043
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VN30
VN30 Trading Diary 20/02/2023
TA: Neutral, far below MA 100 in weekly however it a good signal above MA 100 in short term daily view.
Possibly early state of accumulate phase in WYCKOFF theory. it is my favourite theory.
FA: It will be possibly a slow grow in the near future, if any bad event such FED rate hike, stronger dollar then it will be enough for price to move lower.
There re many great opportunities when Apple, Foxcom, Samsung, .. moving and expanding in Vietnam.
it is a near perfect time to filter and pick a few premium companies with good basic P/E , P/B and ROE in Banking, basic material (fertiliser), farming and retail supermarket for long term passive investors.
However high interest rate with deposit guarantee at average 9.5% in Viet Nam is more attractive for 1-3 years term ( compound interest) for most defensive investors. This rare interest rate offer wont last long.
The collapse of VN30 At the end of last week, there was a collapse of Vietnamese stocks, which was probably predicted earlier with the supply zone created from the weekly frame. this time the price has re-approached that zone and created a new supply zone within the daily frame, let's wait for the result