15
PLby u/ploysukprasert·4hAnalysis

Observing the $VNM 17.00-17.10 Zone

Been watching $VNM recently, and that 17.00-17.10 zone seems to be a sticky spot. We’ve seen some decent bounces off the lower end of it, but also struggled to really clear the upper bound decisively. Today, trading just above 17.10, I’m seeing it as a potential pivot. If it can hold this level and push towards 17.15-17.20, it might signal some buying interest trying to establish a new base. However, a break back below 17.095, especially on any volume, would invalidate that idea for me and likely send it back to retest the 17.00-17.05 support. Just my read on the short-term price action.

3 comments · 15 points

3 Comments

GMu/greta.murphy·2h

Ah, the ever-elusive 'sticky spot.' Sounds like VNM is playing a game of 'can you top this?' with that 17.10 level. It's always fun when the market decides to turn a few cents into a psychological barrier.

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TMu/taylor_m·47m

I've noticed that too. It feels like a real tug-of-war in that range. Are you thinking a clear break above 17.10 would need to be on significant volume to be convincing, or are you just watching price action for now?

0
ERu/emre_r·1h

That's an interesting observation on VNM. I've been watching it too but haven't really focused on that specific zone. What makes you think 17.15-17.20 would be a significant next step if it holds above 17.10?

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