DPM Dam Phu My - Wyckoff phase thruDPM - 2023/10/5
### Use most favorite 02 indicators:
+ Wyckoff
+ MCDX
### Analysis:
+ Appear triple bottom & continued higher bottoms
+ Breakout ONLY when VNINDEX could get a new rise
DPM trade ideas
DPM (DPM) Petrovietnam Fertilizer and Chemicals Corporation
Major shareholders: Vietnam Oil and Gas Group 59.58%
Business risk
Depending on international price due to fierce competition with China products and competition pushes urea price down further. Domestic fertilizer producers have to face up with competition from imported fertilizers, especially urea from China with cheaper prices in addition to counterfeit and poor quality fertilizers.
Source: tcinvest
Trading observation
Sun 30/04/2023
DPM GOING UP After Head and Shoulder, DPM can go up to resistance.
We expect higher position for this stock
DPM Medium / Update for NovemberShort-term swing for the next month
After FED 3/11, the entry would be better at a lower price point.
Long-term can buy at
Entry price: 34.2-34.5
DPM MediumDPM Good company, medium investment, 1 quarter
EPS: >20% qrt last yr
Breakout of a short-term downtrend
Entry price: 49.3-50.1
Forecast - DPM next weekTarget of DPM
- 1D - Decrease about 2-3%
- 7D - Increase to about 4%
- 20D - Increase about 11%
