MARKET INSIGHTS_13022023

MARKET PULSE VN-Index closed trading forming a "Small Black Candle" trading pattern. Trading volume increased and was above the 20-day average. Price increase with volume decrease and price decrease with volume increase are negative trading patterns. Key points to note: (i) VN-Index continued to decline after establishing the "kiss of death" pattern when breaking below MA(20). With today's decline, the index fell to the lower bound of the area where we believe the index will trade sideways for about 3-5 weeks (Currently in the 3rd trading week). (ii) VN-Index encountered strong resistance at the 1,130 point level, which is the dynamic weekly MA(30) resistance, where long-term investors following technical analysis identify long-term uptrends. According to past statistics, the index usually takes 2-5 weeks to trade around this area before a "Break out" or a downward correction. On a weekly basis, we expect a sideways trading range of 1,030 - 1,130 during the adjustment process according to MA(30) resistance. (iii) We believe investors need to observe the support demand around the MA(20) and MA(50) areas of stocks to determine the market's main trend. 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. SAB ...gives a positive signal. According to quantitative statistics, with today's pattern, in the next trading session, VN-Index has a 51% probability of increasing and a 35.71% probability of the closing price being higher than the opening price. Statistics show that the index will increase tomorrow. Resistance is 1,130 points. Support is 1,030 points. Intraday Stock Support and Resistance (EOD) Stocks with abnormal trading volume during the day Watchlist for tomorrow Intraday Chart: * FED FUND RATE during US stock market recessions - Will 2022 be different?; * EPS and the US stock market in recent recessions; * Stock markets often bottom out before the economy; * 10 best banks selling insurance in 2022; US Stock Market: The current trend of the US stock market appears to be sideways with sector rotation (Each period, a different sector increases in price). The market is currently awaiting tomorrow's CPI report to confirm a new sector-specific direction. Tonight's forecast suggests that indices may still diverge, with the Dow Jones potentially rising and Nasdaq curbing its decline. Investors can download the full report via the following link: