MARKET INSIGHTS_01082022

MARKET PULSE

The VN-Index closed the trading session forming a “White Closing Marubozu” pattern. Trading volume increased and was above the 20-day average. Price increase with volume increase is a good technical pattern.

Key points to note: (i) The index broke above the dynamic resistance MA(50) and then corrected. (ii) The upper band opened up, supporting an upward price movement. (iii) The market saw strong participation with increased speculative demand, evidenced by even poorly performing stocks rising in price. Essentially, this indicates that capital flow has started to become more greedy.

According to the “Price Action” analysis method for VN30, we have 25 codes showing buy signals, 03 codes showing sell signals, and 02 codes showing sideways signals. FPT… shows a negative signal.

According to quantitative statistics, with today’s pattern, in the next trading session, the VN-Index has a 51% probability of increasing and a 50% probability of the closing price being higher than the opening price. Statistics suggest the index will increase tomorrow. Resistance is at 1,236 points and short-term support is at 1,142 points.

Intraday Stock Support and Resistance (EOD)

Stocks with ??t bi?n ( ??t bi?n means sudden increase/surge) Trading Volume Today

Stocks of Interest for Tomorrow

Intraday Chart:

• Q2/2022 business results update;
• Will the US stock market follow the 1962 or 1990 scenario?;

US Stock Market: Currently, the main indices have seen a strong streak of gains, even with a series of bad news, stock prices continue to rise. This is due to the market being oversold previously, driving FOMO buying demand. However, it is still too early to indicate a long-term bottom, although the short-term uptrend is very positive. Forecast: Tonight, the indices are expected to fluctuate with slight ups and downs by the end of the day.

Investors can download the full report via the following link:“””

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