MARKET INSIGHTS_05042022

MARKET PULSE

The VN-Index closed trading forming an “Inverted Hammer” candlestick pattern. Trading volume decreased and was below the 20-day average.

Key points to note: (i) The index established a “Break out” of the triangle pattern. This is a good technical signal. (ii) The upper band tends to open up, supporting price increases, along with strong capital flows into large-cap stocks, fundamental stocks, and speculative stocks on the last day of the week, which is a good sign at this time. (iii) The index is tending to correct to fill the GAP established yesterday. Basically, this is also a common technical trading pattern.

According to the “Price Action” analysis method for VN30, we have 13 codes showing buy signals, 10 codes showing sell signals, and 07 codes showing sideways signals. PNJ, SAB, VNM show good signals.

According to quantitative statistics, with today’s pattern, in the next trading session, the VN-Index has a 49% probability of increasing and a 47.5% probability of the closing price being higher than the opening price. Statistics show that the market will decline tomorrow. Resistance is 1,535 points. Support is 1,480 points.

Intraday Stock Support and Resistance (EOD)

Stocks with Abnormal Trading Volume Today

Watchlist of Stocks for Tomorrow

Intraday Chart:

• Profits of listed companies in 2021 and forecast for 2022 on the Vietnamese stock market;

US Stock Market: TWTR surged on news that Elon Musk acquired a large block of shares, which is a notable signal. Indices are forecast to remain sideways before determining a trend (Slight increase or decrease and unable to complete confirmation of an uptrend).

Investors can download the full report via the following link:

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