Caothuthuy

SSI begin to show signs of weakness. Rising price with low vol🤔

HOSE:SSI   SAIGON SECURITIES INCORPORATION
"SOME LEADER STOCKS OF THE SECURITIES GROUP
BEGIN TO 🥲SHOW
🥲SIGNS OF WEAKNESS.

The uptrend has lasted until today for nearly 3 months and many stocks have risen in price from the patterns.

This is the time when traders should start taking partial profits
and preparing a list of new potential stocks
after many companies have announced their Q2 earnings reports.

The securities group is the group with the most positive business results among many industry groups in the past Q2, with the current price increase, it can be seen that the price has reflected the news and this is the time you should “Take profit” on some stocks.

Taking a look at the 🏞Leader stocks of the securities group,
not all but personally I have seen some typical faces showing signs of price weakness which is “Rising price with low volume”.
Specifically, after announcing positive Q2 financial statements with net profit reaching 563 billion (up 33.4% compared to Q2/2023),
🫒SSI stock🫒 has shown signs of price weakness🥲 in recent sessions,
🤔SSI stock tried to rise above the old peak with low volume
🤔and is currently trending towards the 50-day moving average MA50.

The long-term uptrend of SSI will not stop here,
however,
🤔a short-term correction may 🫠occur
if SSI breaks through the 20-day moving average MA20 or EMA21 in the next few sessions.

Therefore, my advice for traders is to take partial profits and
🫠wait for possible pullback buying points to appear in the near future.
A +27% profit from the breakout point of the Square Box pattern is not bad, realize it and maintain a profit/risk ratio of 3:1."
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