Caothuthuy

SSI begin to show signs of weakness. Rising price with low vol๐Ÿค”

HOSE:SSI   SAIGON SECURITIES INCORPORATION
"SOME LEADER STOCKS OF THE SECURITIES GROUP
BEGIN TO ๐ŸฅฒSHOW
๐ŸฅฒSIGNS 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 โ€œTake profitโ€ on some stocks.

Taking a look at the ๐ŸžLeader stocks of the securities group,
not all but personally I have seen some typical faces showing signs of price weakness which is โ€œRising price with low volumeโ€.
Specifically, after announcing positive Q2 financial statements with net profit reaching 563 billion (up 33.4% compared to Q2/2023),
๐Ÿซ’SSI stock๐Ÿซ’ has shown signs of price weakness๐Ÿฅฒ in recent sessions,
๐Ÿค”SSI stock tried to rise above the old peak with low volume
๐Ÿค”and is currently trending towards the 50-day moving average MA50.

The long-term uptrend of SSI will not stop here,
however,
๐Ÿค”a short-term correction may ๐Ÿซ 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
๐Ÿซ 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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