[VIETNAM STOCK] [CTG] WAITING FOR BUYING SIGNAL
Normally I do Forex, however some of my friends asked for the analysis of the Vietnam stock market, so I publish my analysis about CTG or Vietinbank Stock.
As we can see, the uptrend is on the way currently on D1 which shows the fairly strong momentum. Meanwhile the down side shows the weak momentum on the way back from 18/03/2019 so there will be the high chance that that back down is only the pullback/retracement. In this case, we should wait for the signal bar or confirmation that our buyer will take control back. One D1 big bar from a significant support (price level of 21.1-20.8) will be enough for the confirmation to initiate your buy order.
If no signal or big bull bar happens at that support, simply discard this idea.
As we can see, the uptrend is on the way currently on D1 which shows the fairly strong momentum. Meanwhile the down side shows the weak momentum on the way back from 18/03/2019 so there will be the high chance that that back down is only the pullback/retracement. In this case, we should wait for the signal bar or confirmation that our buyer will take control back. One D1 big bar from a significant support (price level of 21.1-20.8) will be enough for the confirmation to initiate your buy order.
If no signal or big bull bar happens at that support, simply discard this idea.