Idea for VietcombankWhat about this ?
We see shoulder head shoulder and we are not support from buyer raw volume, and big volume accumulation from the head, so what about VCB move to the past support 65900 vnđ!
VCB trade ideas
VCB MilkshakeHOSE: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.
VCB LongWe can start to open a long position (buy) here for HOSE:VCB
Super risk position, size ~ 5-10%
VCB 0.5 or 0.618 Fibonacci Retracement ?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 (bearish) signs.
VCB-leading bank, is moving to an end of 1st monthly waveThis is what I found out using Elliott waves principles, it is moving to a position for a big short in monthly frame, which brings no good to anyone
test chartthis is a test chart. Im using this for a school project. use it as you will. free and open source
Vietcombank Trading diary 30/3/2023
60 years old bank
Government 74.8%
Mizuho Bank Limited 15%
Profit margin growing
P/E 14.6
P/B 3.2
Debt growing
Customer Deposit growing
Will price grow at 6-7% average? it seems possible over period of 10 years. However at current price 92 000 vnd is not attractive enough for most "value investor", this bold stock can be alternative for long term deposit. I would love to see it heading to 180 000 vnd/ share in the next 10 years.
Buy and hold...huhmm seems okay to me. Thanks Vietcombank
Look back at Vietnam's banking stocksHey traders,
After Covid has appeared since Mar 2020 in Vietnam, the market stock was slipped the same others over the world. However, everything has been okay and currently come back better than it was.
Looking back at the growth over the past year, the banking stock interest from 60 to 550%.
The prominent stock is the VIB has grown more than 550%.
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Part 3
VCB weekly chart 29/01/2021VCB weekly chart 29/01/2021
1. trend: uptrend
2. Price status: accumulations
3. Support: 82.55, resistance:95.65
4. fore timing: slideway 77-93 in 9-17 week
5. trading: buy when price go strong resistance: 79-82.5
