MARKET INSIGHTS_11052022
12/05/2022
MARKET PULSE VN-Index closed the trading session forming a "White Candle" trading pattern. Trading volume decreased and was below the 20-day average. Price increase with decreasing volume is not an ideal technical pattern. Key points to note: (i) Today we have a double bottom pattern with positive divergence, signaling a reversal. This pattern will be complete when the index's price surpasses the neckline with a resistance level of 1,369 points. More time is needed for confirmation, but the market has more or less created a good technical pattern at this time. (ii) In the short term, the index needs to overcome T+3 profit-taking pressure and rise to fill the price gap established on May 6th to confirm a more solid uptrend (Or a follow-through day appears). According to the "Price Action" analysis method for VN30, we have 06 codes giving buy signals, 02 codes giving sell signals, and 22 codes giving sideways signals. The banking group is showing buy signals again, which is the basis for the index to continue its upward momentum. According to quantitative statistics, with today's pattern, in the next trading session, the VN-Index has a 49% probability of increasing and a 45.61% probability of the closing price being higher than the opening price. Statistics show that the market will decline in tomorrow's trading session, but we lean towards the scenario of the market continuing to rise. Short-term resistance is 1,348 points. Intraday stock support and resistance (EOD) Stocks with unusual trading volume today Portfolio of stocks to watch tomorrow Intraday chart: * Number of months, percentage depreciation when S&P 500 falls 20% from weak levels; * Vietnam macro situation; US Stock Market: Indices are in an oversold state with 50-70% of declining codes dominating the exchange. Additionally, the percentage of pessimistic people has also fallen to its lowest level in recent years. Typically, according to the rule of excessive pessimism, that is when optimism arises (Finding a way out in a dead end), so we believe the indices will have a rebound rally in the coming days. 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 […]
