MARKET INSIGHTS_15092022

MARKET PULSE

The VN-Index closed trading forming a “Small Black Candle” trading pattern. Trading volume decreased and was below the 20-day average. The unstable volume trend clearly shows the current sideways trend of the VN-Index.

Key points to note: (i) 1,126 points remains a good support for the VN-Index. The price continues to recover from this support level. (ii) Trading formed a Failure Swing pattern – a positive pattern. (iii) The market is differentiating with price rotation among industry groups. The rising industry groups are mostly those capable of leading the market. (iv) The breadth of new highs is increasing.

According to the “Price Action” analysis method for VN30, we have 04 codes giving buy signals, 02 codes giving sell signals, and 24 codes giving sideways signals. VIC, SAB… show positive signals.

According to quantitative statistics, with today’s pattern, in the next trading session, the VN-Index has a 52% probability of increasing and a 45.61% probability of the closing price being higher than the opening price. Statistics show that the index will increase tomorrow. Note that tomorrow is the ETF rebalancing day. Resistance is 1,300 points. Support is 1,226 points.

Intraday Stock Support and Resistance (EOD)

Stocks with Unusual Trading Volume Today

Watchlist of Stocks for Tomorrow

Intraday Charts:

• FED FUND RATE Forecast;
• US Inflation Forecast;
• S&P 500 Index Trading Trend until year-end;

US Stock Market: Major averages closed slightly higher as stocks stabilized after the sell-off following the CPI announcement. Overall, in the short term, bottom-fishing demand remains high in the 3,900-point region for the S&P 500. Major indices are forecast to rise tonight.

Investors can download the full report via the following link:

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