Vnindex is accumulated the next big wave catch

VN-Index is accumulated , the next big wave catch

09:35:33 | 22/07/2010

VN-Index fluctuations in the small amplitude of about 2 points ( from 505.35 to 507.27 ) with a pretty good match volume 44.177 million shares . 4 was observed in recent trading day , closing prices are always greater than the lowest price in session , signal pole credit for upcoming trends .
Observations on the statistical ordering 21 / 7 , total order volume of about 92.402 million shares (down 6.12 % from the previous session ) while total volume set sold about 83.253 million shares ( 3.18 % growth compared to the previous session )

Reviews session 21 / 7 :

Volume orders remained > 90 million shares / day sessions from 16 / 7 to 21 / 9 in the sale volume set is maintained at 72 to 83 million shares / sessions . 4 matching volume in recent days at around 40-44 million shares / sessions - to signal markets are accumulating , light fluctuation and preparation will increase sharply in the next few sessions , it should be observed if A joint session about the volume level around 45-50 million shares , the session will start the market price increases .

Appears bearish candle , condensed and soccer balls under the very small - signals the reluctance between the rise and fall

Technical Analysis : strip on Bollinger Bands are down , strip below are passing , two bands with signal signal tighten market rebound soon

Momentum of the MACD looks weak again but remained above the signal line , MACD Histogram is PS decline slightly.

RSI (14) did not adhere to the 50 , falling 49.34 points and the value

EE (5) are sloping down and work under 3-day SMA , the value drops below 50 and reached 40.36 . RMB said the market for short-term fluctuations in light and are approaching the area to buy in 1-3 days . The market has not reduced below 504 ( range between Bollinger Bands ) and beyond 507 ( 38.2 % Fibonacci Retracement ) .

Outlook of the writer: RMB should be thinking why four recent market session mild fluctuations around the 504-507 to match the volume is steady 40 million shares / sessions . This is a sign of consolidation reasonable? To answer that question , the yuan will have a very good investment strategy in this period . Written for that strategy now is to buy stocks rose for the preparation , after an accumulated time . The shares so purchased : ICG , S96 , SSM , PTC , ANV , PVC , ... .

Source: vinacorp.vn