MARKET INSIGHTS_30082022
30/08/2022
MARKET PULSE The VN-Index closed the trading session forming a "Small White Candle" trading pattern. Trading volume decreased and was below the 20-day average. A price increase with decreasing trading volume is not a positive trading pattern. Key points to note: (i) Currently, the VN-Index's Bollinger Bands are narrowing. There are two possibilities at this time: either the indices will enter a period of strong fluctuation (up or down) or they may continue a sideways trend. We lean towards a sideways scenario with stronger differentiation at this time. (ii) Negative divergence with RSI(14) warns of a short-term reversal of the index. (iii) Investors may have a tendency to sell before the holiday amid the not-so-positive developments in the US stock market. This could create selling pressure tomorrow. (iv) The upward pull of the banking group, GVR, and GAS made the index green, but the market breadth leaning towards a downward trend also created negative sentiment. According to the "Price Action" analysis method for VN30, we have 05 codes giving buy signals, 08 codes giving sell signals, and 17 codes giving sideways signals. VCB, GVR, GAS... show positive signals. According to quantitative statistics, with today's pattern, in the next trading session, the VN-Index has a 48% probability of increasing points and a 50% probability of the closing price being higher than the opening price. Statistics show that the index will decrease points in tomorrow's trading session. We expect oil and gas to remain a group with good profitability in the coming period. Resistance is 1,300 points. Support is 1,226 points Intraday Stock Support and Resistance (EOD) Stocks with unusual trading volume during the day Watchlist for tomorrow Intraday Chart: * To what extent can Africa fill Russia's gas gap?; * Floods in Pakistan affect over 30 million people; US Stock Market: Stocks are still under strong selling pressure as they have not yet fallen to support levels. In the short term, the S&P 500 index has support around the 3,900 point area. After several declining sessions, a tug-of-war may appear in tonight's trading session; however, the probability of the session ending with downward adjustments remains quite high. 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 […]
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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 […]
