MARKET INSIGHTS_09112022
09/11/2022
MARKET PULSE The VN-Index closed trading forming a "White Candle" trading pattern. Trading volume decreased and was below the 20-day average. This has always been a market issue in the recent period. The second rising session always lacks buying demand, and until this trend changes, it will be the state confirming a market trend reversal. Key points to note: (i) RSI(14) is establishing a bullish divergence pattern, signaling a reversal. (ii) Currently, the banking sector, with BID and CTG, are two stocks that need to be observed. These two stocks have approached their medium-term resistance price channels. A "Break Out" would confirm the return of the uptrend for this group of stocks, thereby opening up more positive prospects for the market. (iii) It might still be too early for NVL and PDR to reach equilibrium, but if DIG, KBC, HSG... reach equilibrium tomorrow, market opportunities will be clearer as sentiment improves. (iv) Foreign investors are supporting net buying in the oil and gas sector, and we are currently awaiting the inflection point for this group of oil and gas stocks. According to the "Price Action" analysis method for VN30, we have 09 codes giving buy signals, 03 codes giving sell signals, and 18 codes giving sideways signals. Banking... shows positive 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 52.80% probability of the closing price being higher than the opening price. Statistics show that the index will decrease tomorrow, but we expect the index to close higher. Resistance is 1,040 points. Support is 930 points. Intraday Stock Support and Resistance (EOD) Stocks with abnormal trading volume during the day Watchlist for tomorrow Intraday Chart: * DXY had its worst trading week since 2020; * Cash and deposits, short-term loans, long-term loans, and payables of some listed real estate companies; US Stock Market: The Dow Jones Index is at the red resistance, which is the downtrend channel established since January 2022. Breaking this resistance, the index will confirm the return of the uptrend. Investors can download the full report via the following link:
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Summary of Key Points in the Report The VN-Index closed the trading session forming a “Small White Candle” pattern. Trading volume declined but remained above the 20-day average. According to theory, a price increase accompanied by declining volume is not a bullish pattern supported by volume – thus, the signal is not very positive. Key […]
Summary of Key Points in the Report The VN-Index closed the trading session forming a “Black Candle” pattern. Trading volume increased and surpassed the 20-day average. According to theory, a price decrease accompanied by rising volume is a bearish pattern supported by volume – a negative signal. Key highlights: (i) Foreign investors recorded a net […]
Summary of Key Points in the Report The VN-Index closed the trading session forming a “Long White Candle” pattern. Trading volume increased and surpassed the 20-day average. According to theory, a price rise accompanied by higher volume represents a bullish pattern supported by volume – a positive signal. Key highlights: (i) Foreign investors recorded a […]
Summary of Key Points in the Report The VN-Index closed the trading session forming a “Long White Candle” pattern. Trading volume increased and surpassed the 20-day average. According to theory, a price rise accompanied by higher volume represents a bullish pattern supported by volume – a positive signal. Key highlights: (i) Foreign investors recorded a […]
Summary of Key Points in the Report The VN-Index closed the session forming a “Small Black Candle” pattern. Trading volume increased and surpassed the 20-day average. Theoretically, a rise in both price and trading volume indicates a bullish pattern supported by volume — a positive signal. Key highlights: (i) Foreign investors recorded a net purchase […]
