MBB Stock: Potential Long-Term Accumulation OpportunityBased on the monthly chart, MBB appears to be in an attractive position for long-term accumulation. The crucial zone is the untested demand area, which will also serve as the handle for the legendary cup-and-handle pattern.
Since the price encountered supply pressure at the peak of Elliott wave 3, and the monthly candle closed as a doji with bearish confirmation, a correction to the Demand zone around 19k (highlighted in blue) is highly probable before continuing the upward trend to complete the final Elliott wave 5.
Afterward, we should wait for the formation of an Elliott wave ABC corrective pattern and then re-evaluate the potential for new buying opportunities.
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.
Long-term opportunity to buy value and growth stocks in VinamilkBased on the monthly chart, Vinamilk has been forming a bearish Elliott wave 5 for many years now. The current position is supported by the demand zone I've marked in blue (second from the bottom), but there is no support from the rising trendline yet. Therefore, the market is likely to continue its decline in the near future to level 5 before embarking on a new growth cycle. The 45-52k zone presents a good opportunity to accumulate long-term holdings before breaking out of the untested supply zone I've marked in blue at the top, around 136-150k. Once the peak is reached, I will analyze the new Elliott wave pattern for you. Stay tuned!
ACB Bank: A Powerhouse for Value and Growth Investors?Historical Analysis Suggests a Potential Breakout and Long-Term Accumulation Opportunity in ACB Stock
Examining ACB's historical monthly chart reveals a pattern of successful breakout from cup formations on two occasions. Based on this historical trend, a similar scenario is anticipated for the current third cup formation. Following the recent breakout, ACB is currently undergoing a correction phase, retracing towards two critical support zones highlighted in blue around the 15-24k range. These support zones present a compelling opportunity for long-term accumulation, aligning with the completion of Elliott wave 5 and preceding a potential corrective wave following ACB's target achievement.
TCB: A Deep Dive into Value & Growth OpportunitiesLooking at the monthly chart, we can see that cup 1 broke out but failed to reach its target before retesting the support zone (colored blue at the bottom) and the broken bearish channel. Continuing this time, it is forming a cup 2 similar to cup 1 before that but is blocked by the resistance of the supply zone (colored blue at the top), so the possibility of ending this month is a hanging man candlestick pattern. In this case, there is a high probability of a correction to the support zone (colored blue in the middle) and the broken bearish channel. We will wait to accumulate around 27-35k. If it does not correct next month but continues to break through the old top and reach the 3rd peak of the Elliott wave, we will look for a buying point at the breakout top around 60k.
HQC still in phase B or prepare for phase D? The latest price action is between the schematic's Last Point of Support (LPS) and a resistance level, with an upward trend line that has been respected multiple times. The volume appears to be relatively stable with some spikes, which may indicate interest at certain price levels.
Technical indicators such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) are also visible on the chart. The RSI is hovering near the midpoint, which does not indicate overbought or oversold conditions strongly. The MACD is above the signal line but seems to be converging, suggesting that upward momentum may be slowing down.
Viettel Post: VTPViettel Post (VTP) was established in 1997, has been traded on market since November 2018.
It seems the company has developed mature enough by using machine learning/ IT support to operate more efficiently from senders to receivers/buyers and EDI (Electronic data interchange) scanning/ tracking activity & customer service.
Logistic/ Courier industry always require more reinvestment to maintain sort machines/ transport vehicles, warehouse/ partner contracts and insurance to meet 24/7 operation . ( to back online business platforms)
It seems courier business is high cost money making machines, however personally I truely like this stock.
P/E 13
P/B 2.4
Macd ich rsi by duy//@version=4
study (title="Ichimoku Cloud with MACD and RSI", shorttitle="Ichimoku_MACD_RSI", overlay=true)
// Ichimoku Cloud parameters
conversionPeriods = input (9, minval=1), basePeriods = input (26, minval=1)
laggingSpan2Periods = input (52, minval=1)
displacement = basePeriods
donchian(len) => avg(lowest(len), highest(len))
conversionLine = donchian(conversionPeriods)
baseLine = donchian(basePeriods)
leadLine1 = avg(conversionLine, baseLine)
leadLine2 = donchian(laggingSpan2Periods)
plot(conversionLine, color=color.red, title="Conversion Line")
plot(baseLine, color=color.blue, title="Base Line")
plot(close, offset = -displacement, color=color.green, title="Lagging Span")
p1 = plot(leadLine1, offset = displacement, color=color.green, title="Lead 1")
p2 = plot(leadLine2, offset = displacement, color=color.red, title="Lead 2")
// MACD Settings
fastLength = input(12, title="Fast Length")
slowLength = input(26, title="Slow Length")
signalLength = input(9, title="Signal Length")
// Calculate MACD
= macd(close, fastLength, slowLength, signalLength)
// Buy and Sell conditions
buyCondition = macdLine > signalLine
sellCondition = macdLine < signalLine
// Create Study
bgcolor(buyCondition ? color.new(color.green, 90) : sellCondition ? color.new(color.red, 90) : na)
// Fill Ichimoku Cloud
fill(p1, p2, color=color.gray, transp=80)
// Plot signals
plotchar(buyCondition, char='M', color=color.blue, location=location.belowbar)
plotchar(sellCondition, char='B', color=color.red, location=location.abovebar)
// RSI conditions
rsi_length = input(14, title="RSI Length")
rsi_overbought = input(70, title="RSI Overbought Level")
rsi_oversold = input(30, title="RSI Oversold Level")
rsi_condition_buy = rsi(close, rsi_length) > rsi_overbought
rsi_condition_sell = rsi(close, rsi_length) < rsi_oversold
// Plot signals
plotchar(rsi_condition_buy, char='X', color=color.blue, location=location.belowbar)
plotchar(rsi_condition_sell, char='X', color=color.red, location=location.abovebar)
VJC-LONG-FIST MOTIVE WAVE UPTRENDVJC used to be a fruitful investment for GIC, now it's still holding on it, once it comes to uptrend, the monthly candles will lengthen, which is one of the signal for analyzer to recognize the uptrend since this stock sunken most of the time in downtrends. It is in its its 5th of daily in 1 of weekly in 1 of monthly frames, in leading diagonal shape, the 2nd wave in weekly frame might be a sharp and fast one, the 3rd one would be profitable for investor, the buying can be made even by now but rather better to wait for the 2nd wave in weekly frame to finish before jump in.
HPG-NOT A GOOD TIME FOR BUYING YETHPG is finishing the correction for 3 motive waves in M frame, the A wave is in zigzag form and it is in an impulse wave or B and possibly is moving into 5th wave of B or just drop down from this point, (who knows for sure in short time), after completing the B, it will move downwardly to move to C wave which make it troublesome for one who grasps the stock for long-term holding at the moment. Sit down waiting for it to come back after C is way better.