MARKET INSIGHTS_29112022
29/11/2022
MARKET PULSE The VN-Index closed the trading session forming a "White Closing Mazuboru" trading pattern. Trading volume increased and was above the 20-day average. Increased price with increased volume is a good technical analysis signal. Key points to note: (i) The VN-Index surpassed the dynamic resistance level of MA(20) and is currently facing MA(50) resistance. A "Break Out" would confirm the market's multi-month upward trend at this time. (ii) The market confirmed a momentum breakout and greedy capital flow has appeared. (iii) The banking sector shows signs of correction, indicating a potential correction phase could emerge by the end of the week. (iv) Short-term investors should limit chasing ceiling-price stocks at this time. According to the "Price Action" analysis method for VN30, we have 19 codes showing buy signals, 03 codes showing sell signals, and 08 codes showing sideways signals. VHM, MWG, PLX, VIC... show positive signals. According to quantitative statistics, with today's pattern, in the next trading session, the VN-Index has a 51% probability of increasing and a 46.29% probability of the closing price being higher than the opening price. Statistics show that the index will increase with the closing price lower than the opening price in tomorrow's trading session. Resistance is 1,040 points. Support is 980 points. Intraday Stock Support and Resistance (EOD) Stocks with a surge in trading volume during the day Watchlist for tomorrow Intraday Chart: * How did small and mid-cap stocks in the US stock market bottom out?; * Small and mid-cap stocks outperform large-cap stocks in a stagflationary environment; * China lowers the reserve requirement ratio; US Stock Market: The current chart pattern is not positive. We want to wait longer to confirm the trend. The index is forecast to decline tonight. Investors can download the full report via the following link:
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