Vnindex 🤭 pin bar ma50

PRICE ACTION TODAY – TEST OF SUPPLY OR NO DEMAND?


Ending the session, the VN-Index closed at 1,172.56 points (down - 0.067 %) with low volume, observe the possibility of Vertical Breach.
After 2 sessions of creating pin bars ahead, Vnindex officially closed below Ma 50 days after 3 months price increase. If VnIndex breaks through the bottom of the previous pin bar session, it will erase the recovery effort

The market is unlikely to turn around to increase sharply.

Banking group was the focus to pull the market down like VCB (-2.4%), STB (-3.9%) and VPB (-1.7%)

VnIndex has adjusted down from the old peak of -7.84% and only needs to decrease -7.83% to reach Ma 200. Ma 200 becomes long-term support point protects VnIndex's long-term uptrend

The removal of large supply from August 18, reaching 1.6 billion shares, needs a longer time.
Traders limit trading according to the Break out strategy, observing stocks with a tight base as well as only should disburse stocks with buy points in the price base to save Ma 50 and proceed to build the starboard pattern. In
In a weak market, Break Out buy points won't work