HPG trade ideas
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.
#HPG A pullback expectedWith 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.
Wait for test buyHPG is strongly gathered by foreign organizations and investors' expectations are great despite the difficult economy, especially the steel industry. However, with the support of interest rate reduction in the long-term, the market still expects to increase, paying attention to the short-term correction of the general market. This is your chance to buy!
HPG is experiencing participation from foreign investorsHPG steel stock is experiencing strong participation from foreign investors, making it suitable for short-term trading, but it faces strong resistance around 23 if holding long-term.
HPG steel stock, traded under the code HPG, is a leading company in the Vietnamese steel industry. It has recently caught the attention of foreign investors who are actively participating in the stock, making it an attractive option for short-term traders.
Foreign investors are attracted to HPG's stock due to its strong financial performance, growth potential, and the overall bullish trend in the steel market. This has caused the stock price to rise, providing traders with a profitable opportunity in the short-term.
However, it is important to note that HPG's stock faces strong resistance at around 23 if holding long-term. This resistance level has been tested multiple times, and traders should be aware of this level if they plan to hold onto the stock for an extended period.
Overall, HPG's stock is a suitable option for short-term traders due to its upward momentum and strong participation from foreign investors. However, traders should exercise caution when considering a long-term investment in the stock, as it may face significant resistance at the 23 level.
HOA PHAT GROUP JOINT STOCK COMPANY HPGHello ladies and gentlemen, according to my graphic analysis of the chart (HPG).
We see a strong price channel breaking, so that the price has now reached the resistance line. Which makes us in front of two possibilities in the coming days
(1).The first possibility is to break the resistance line strongly. At that time, I would advise selling the stock and not holding it.
(2).The second possibility is pull back in the resistance line strongly and the beginning of the price rise, then we buy the stock.
any questions contact me;)