HOSE_LONG_VPB_23.xtarget for short term is VND 23.x
Key:
provision reversal Q3 2024
monthly macd,
level line is about to cross signal line, signaling downtrend signal is about to end and switch to uptrend
VPB trade ideas
Long-term buying opportunity for valuable and growth stock VPBBy examining the monthly chart of VPB stock, we can observe a pattern resembling a "cup and handle" formation, albeit with a significant downward movement prior to this pattern. This deviation from the textbook "cup and handle" could potentially classify it as a "double bottom" formation. However, considering the market's turmoil during the COVID-19 pandemic, the widespread sell-off, and VPB's relatively recent IPO, investor confidence might have been initially low. Nevertheless, a remarkable recovery ensued, culminating in a textbook Elliott wave 3 surge.
Currently, the stock appears to be in the "handle" phase of the cup and handle formation. Based on the two previous peaks, a parallel price channel can be drawn, suggesting that the bottom of the ABC corrective wave could lie around the "Handle & Parallel Channel" zone marked at 16.6k.
Alternatively, following the principles of supply and demand, the bottom of wave 4 or the conclusion of wave ABC could reside within the highlighted demand zone around 12.2k. This zone also coincides with a previous break below the "cup" level, which subsequently formed a second "double bottom" pattern and continued its upward trend with a bullish flag formation.
As market participants, we should closely monitor the price action around these support zones and await clear signals before entering the market.
VPB - Entry Position From Dec23 to Jan24HOSE:VPB
This position base on entry signal of MACD - RSI - ADX with support from personal custom strategy
Entry: 19k
TP: 23k (~21%)
SL: 17k (~10%)
Est on Week 2 ~3 of Jan 2024
VPB W1 break out resistantVPB break resistant 21750vnd, so it will go to next resistant 27350vnd.
SMBC buy 15% VPB Share at 30.160vnd, may be 21750vnd is a cheap price.
This is why?VPB, The next huge move is right in front of us. Take it or leave it?
65K is the target. What do you waiting for?
VPBVPB
Cussesfully retest MA20 and Volume zone 24 - 24.5k.
Closed day with a long tailed pinbar. Uptrend and retest zone confirmed with huge volume spike.
TP: 29k up to 36k.
SL: 24k
