The strong reversal of price reversal at the trading session on Friday afternoon (June 28) may be the effect of pulling NAV at the end of quarter of investment funds but may also reflect the expectation from the US-China meeting at G20 summit.
In addition, the recovery from the bottom also has a good signal about the ability to maintain the current range. Many times the market was supported in this area, the bad scenario only happens if there is very bad news. Therefore, stockholders will tend to hold stocks.
The recovery of Blue-chips is generally normal, only a few large stocks gained strongly and pushed the index up. Many stocks recovered less than 50% of yesterday’s reduction margin so there is still no certainty. However, this is when the market is affected by more information, less technical factors.
Under normal market conditions, reversal fluctuations appear and repeat many times, the chances of forming an uptrend are very high. However, the current conditions are not really clear.
Next week the market will have a chance to change. The accumulation process has lasted for the whole June so even though the daily liquidity is not large, the accumulation scale is not small either. The market changes in any direction will occur with strong intensity.
In summary, the market until now still has a normal accumulation movement. The explosion point is very close and only needs a reason. The strategy of buying stocks when the general market is down still brings big advantages, despite the unpredictabl