MARKET INSIGHTS_18102023

MARKET PULSE VN-Index closed the trading session forming a "Black Candle" trading pattern. Trading volume increased and returned to the 20-day average. A price decrease with increasing volume when the index breaks the dynamic support MA(200) is theoretically not a good sign. Key points to note: (i) The VN-Index broke the dynamic support MA(200) with large volume, and the index only received support when it returned to the 1,080 region, which is the price gap that opened the medium-term uptrend in May 2023 for the VN-Index. (ii) The formation of a hammer candlestick in the ATC session made many investors hope that the market bottom had formed. However, overall, a hammer candlestick does not guarantee that we have successfully formed a bottom. We note that the VN-Index closed below MA(200), which is also a negative signal. (iii) The second negative point for the market is that the lower band has started to open, supporting a downward price trend. (iv) A positive divergence between price and RSI(14) is forming, which is a bright spot for the index at this time, and this also provides a basis for increased expectations of a bottom formation. At least after today's session, investors are expecting a T+ cycle rebound wave. Technically, the current resistance is MA(20), corresponding to the price zone of 1,145 points. Investors should observe this resistance zone for a short-term counter-trend rally, if any. According to the "Price Action" analysis method for VN30, we have 01 stock giving a buy signal, 05 stocks giving a sell signal, and 24 stocks giving a sideways signal. VRE, VJC, VPB... are giving positive signals. According to quantitative statistics, with today's pattern, in the next trading session, the VN-Index has a 50% probability of declining and a 66.67% probability of the closing price being higher than the opening price. Based on statistics, the index will trade in a tug-of-war between gains and losses, with the closing price higher than the opening price in tomorrow's trading session. Resistance is 1,145 points. Support is 1,080 points. Intraday Stock Support and Resistance (EOD) Stocks with a surge in trading volume today List of stocks of interest tomorrow Intraday chart: * Overview of the money market on October 18; * P/E, P/B valuation of Vietnam Stock Market over the past 1 year; US Stock Market: Indices are forecast to decline tonight. Investors can download the full report via the following link: