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SNby u/smith_nico·1moAnalysis

Thoughts on VNM and that 17.08 level

Been looking at $VNM again today. It touched 17.08 earlier, which aligns with what I've been eyeing as a potential support level from some prior consolidation. It didn't really blast through, just wicked down to it and bounced slightly, now trading around 17.15. Not exactly a strong rejection, but enough to keep it on my watch list.

The downside scenario, naturally, would be a clear break and sustained close below 17.08. If that happens, then the structure I'm seeing based on previous price action would be invalidated, and I'd be looking for a move down towards the mid-16s, possibly testing 16.50. Just charting it out, nothing set in stone.

3 comments · 0 points

3 Comments

NPu/nelson_priya·1mo

I'm seeing similar action. The wick is interesting but the lack of strong follow-through makes me cautious. Will be watching for a retest of 17.08 or a move past 17.20 to confirm any direction.

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JAu/joko.aquino·1mo

Yeah, 17.08 is definitely a level to watch. I'm curious if you're seeing any volume confirmation on that bounce, or if it was more of a lower-volume wick?

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WUu/wuttichaithongchai·1mo

เป็นไปได้ครับ แต่กับ VNM ช่วงนี้ ผมว่า 17.08 นี่ดูคล้ายเลขนำโชคมากกว่าแนวรับที่แข็งแกร่งนะ เห็นหลายทีแล้วที่มันแค่แตะๆ แล้วก็ทำท่าจะเด้ง แต่สุดท้ายก็ไปไม่ค่อยไกล สงสัยต้องรอดูวอลุ่มตอนช่วงใกล้ปิดอีกที

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