[Market News 08/01/2024] RISK ROTATION CONTINUES WITH POSITIVE TURNOVER
%20500x320_Zalo%20Cover%20OA%20_LIte_08012024.png "[Market News 08/01/2024] RISK ROTATION CONTINUES WITH POSITIVE TURNOVER 1")
Some important notes:
– The VN-Index has broken out of the medium-term resistance of the Three Rising Valleys (3RV) pattern since November 1, 2023, and with a positive trend, the next price target is 1,245 points.
– The risk rotation continues with sector-based price increases. Today, the seafood industry once again became a bright spot in the market. As long as the risk rotation continues, the main trend remains positive. According to quantitative statistics, with today’s pattern, in the next trading session, the VN-Index has a 52% probability of declining and a 57.14% probability of the closing price being higher than the opening price. Based on statistics, the index traded down with the closing price higher than the opening price on Monday’s trading session. Resistance is 1,160 points. Support is 1,080 points.
– Index forecast for January 8, 2023: Statistics show the index declined with the closing price higher than the opening price.
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SOURCE: AAS RESEARCH
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