I had a pretty safe vn30f1m long position from that swing low. My idea is wait for a retest/breakout to increase the position size. Vietnam stock could form a swing up formation from here, we can wait for a pullback to open new position or increase position size.
HOSE:VNINDEX can expect a pullback here. Watch this zone or a bit deeper level where there is a trendline that has confirmed with 3 bounces in the past. With unsupported mid-term macro expectations, and record low liquidity level, it is difficult to know which direction big players will take the Index. We should bet.
HOSE:VCB recover after a big red candle. Sell latest position, just in case. Note: sometime, I changed my strategy settings, price chart plot might differ in a new post.
HOSE:SSI bounced back back from A-VWAP There are 2 scenario: - Go up and re-test upper band or higher - Pullback to lower band We have 2 on-going trades. Ready to sell with a little loss in sideways market.
SSI currently has a continuing pullback, We can wait for a reversal sign at 30-31.5 range. In the worst case, we will have a solid pullback to Fibonacci level 0.5 or 0.618. We cannot tell where the market will go but we can wait for the reversal sign and enter at a solid breakout as a confirmation signal.
With HPG, I expect price range 25-26x will be a good support area. With current strong up side movement, a shallow pullback is expected then price will breakout from A-vwap and lower MA band. We are locking for a reversal signal to revert current down side movement. With sideways strategy activated, I will wait and buy MA lower band breakout.
Let's see if we could get upper band as support or index will pullback to lower band as sideways trend continue.
With VCB 0.5 or 0.618 Fibonacci retracement is forming, I expect price has a good recover to lower band (green line) above from current price (0.5 level) or a little bit lower (0.618 level). We can wait for a lower band breakout then buy and sell at upper band as long as sideways strategy bias still active. Beware both of market-risk sentiment lines are in purple...
INDEX:BTCUSD DCA is a very good strategy to invest into "future" like bluechip or bitcoin/ethereum. However, one of biggest problem of DCA is "too soon" DCA period. This chart shows you how to archive good DCA from the beginning using cyclic indicator based on dominant cycle idea.