2 Cases may happen to HBC Vietnam Stock marketsThis is the analysis 2 case which would happen in the HBC Vietnam Stock market
The chart is depicted the unclear information that the primary trend 1st phrases which point will be the end.
So let's consider with the fibonacci retracement and find the exit point for the end of the 1st primary uptrend.
First of all the volume profile make very clear that the zone have hugh supply and demand. At the price 10950. This is the start point of the first primary uptrend in 2021.
The price succesfully closed over the EMA mid term.
So it may be hit the 50% percent on fibonacci retracement of the primary downtrend in past.
or it just hit the 38.2% on fibonacci retracement of the primary downtrend in the past.
So we don't have the clear information when the price will stop and make a the peak. Just wait for the peak and find the better price to enter after the chart makes the trough.
Have a nice day.
Warning !!!! Watch out your volume on the investment. I have no responsibility on your investment. This is just an idea and analysis which the prices makes an action.
HLong
