VN-Index is projected to follow a bullish trendIt has been forming a trading range for over 300 days.
Recently, the price has crossed above the Point of Control (POC), GAP, and Peak Volume.
=> I anticipate that the price will break out of the range during this wave.
Target for this wave is 1550-1600.
VNINDEX will down in the next time to find a strong supply zoneAs you can see the this week, we have an bearish engulfing to begin for the down trend. In next week I think it will turn on to Fibo 0.5-0.618 and it also coincides with the previous strong supply and demand zone. I think it will probably rebound strongly and break the current peak.
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.